Summary: In this interactive lesson, students will be able to analyze how federal tax and spending policies affect the national budget and the national debt; explain how corporate, income, and payroll taxes support the economy as a function of the government; describe various types of projects and services provided through federal taxes; and explain how federal departments request funding for discretionary projects in their department.
Overarching Questions:
- ECONOMICS: How well does the government balance individual rights and the common good, including the need to maintain order, safety and a healthy environment, during this time period?
- ECONOMICS: What is the proper role of government in the economy? (Especially with regard to economic crises, national defense/security, health and safety of the people, and economic development and practices.)
NJ Student Learning Standards for Social Studies:
- 6.1.12.EconNE.14.a: Use economic indicators to evaluate the effectiveness of state and national fiscal (i.e., government spending and taxation) and monetary (i.e., interest rates) policies
Link to Lesson: People's Pie Extension Pack | iCivics