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Where Does The Money Go? U4L10

Published on Feb 06, 2016

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1.

Where does the money go?

Unit 4 Lesson 10
Photo by nickwheeleroz
2.

Classroom light costs

  • Who's payin' up!?
  • Can we exclude those not?
Photo by anirvan
3.

Nonexclusion

Producer cannot withhold good from non-paying consumers
Photo by WanderingtheWorld (www.LostManProject.com)
4.

Untitled Slide

  • If students in row 1 receive light, will that prevent others too?
Photo by Louis Abate
5.

Shared consumption

  • Consumption of product/services by one
  • does not reduce usefulness to others
  • Examples!?
Photo by Sergio Vassio
6.

Federal Tax Spending

Some for public goods and services
Photo by JAXPORT
7.

Taxes!

  • -required payments imposed by government
  • Sales
  • Income
  • Personal property/Real estate
  • CAN provide public goods OR
Photo by Images_of_Money
8.

Tax revenue

Government uses that to pay for other activities/programs and for operation
Photo by vgm8383
9.

Social security, Medicare, etc.

Income support for elderly and disabled
Photo by ProgressOhio
10.

Law enforcement and government expenses

Court, prisons, Congress, etc.
Photo by krystian_o
11.

Social Programs

Medical care, food stamps, child support for low income
Photo by NCReedplayer
12.

Interest on debt

Cost of using others' money; Revenue
Photo by Mike Turner
13.

National defense

Military equipment and foreign aid
Photo by DVIDSHUB
14.

Physical, Human, and Community Development

Agriculture, transportation, environment, training/college assistance
Photo by IBRRC
15.

ORDER FROM LARGEST (1) TO SMALLEST (6)

Madison Farris