MONEYINSTRUCTOR-NOMICS
CLASSROOM ECONOMY:

Unit Wrap Up - Closing the Economy

CLOSING THE ECONOMY LESSON PLAN

 

Teaching Materials

• Lesson - Closing the Economy Lesson (see below for printable lesson).

Lesson Excerpt:

Activity:

1.  Students must now use their MoneyInstructor-nomics Business Tax From to calculate their business profit.   The basic formula is:

Number of products/services produced          _________
Average price                                       X    __________
                                                                       
                           Equals Total Sales          _____________

Number of products/services produced           __________
Total expense per item                             X     ___________

                        Equals total expense              ______________

Total sales                       ____________
Minus total expense    -  ____________
Equals total profit           ____________

 

Total profit x 5%  = MoneyInstructor-nomics tax

 

2.  The treasurer or tax collector will collect student tax forms along with their tax payment.

 

Continued...

 

Lesson Printable Materials - Worksheets

Print out the teaching lesson pages and exercise worksheets for use with this lesson:
  

CLOSING ECONOMY
	Closing the Economy Lesson * Printable lesson worksheet and activity.

 

 

 

 

 

 

Back to more Classroom Economy Lessons and Worksheets

 

 

 

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