divide page 6 into a 4 square

FEDERAL GOV’TREVENUE EXPENDITURES

STATE GOVT (TEXAS)REVENUE EXPENDITURES

LOCAL GOV’TREVENUE EXPENDITURES

CHALLENGES

Divide page 6 into a 4 square

Federal Government Revenue

• Where does the Government get most of its revenue from?

Federal Government Expenditures

• What does the Federal Government spend MOST of its money on?

Texas Revenue• Where does Texas

get most of its revenue from?

• Who contributes to this?

Texas Expenditures• What does Texas

spend MOST of its money on?

• Does this surprise you?

Local Government Revenues

• Where does the local government get most of its revenue from?

• Who contributes to this?

Local Government Expenditures

• What does Texas spend MOST of its money on?

• How does this effect you?

Review the pie charts one more time- look at the expenditures of either the Federal, State, or Local government and decide

If you were going to run the Federal/State/Local (Pick ONE) government, what would your expenditures be?

1. Create your own pie charts with 4 for income and 6 for expenditures

2. Explain the why for each category (I & E) at the bottom. Use BECAUSE statements.

GET A STAMP! Page 7 > How would you spend

the money?

Page 4: Mixed Market Circular Flow

Vocab: List these on the back of the workbook

1.Budget deficit2.Budget

surplus3.Fiscal year4.Expenditure5.Revenue6.The ‘Fed’

7. FICA 8. IRSTax types: 7.Sales tax8.Estate tax9.Flat/proportional

tax10.Sin tax11.Payroll tax12.Property tax13.Progressive tax14.Regressive tax