In this unit, we will look at the economy of Georgia and how it has changed over the years. Also, we will examine some of the more famous Georgia companies and their impact on the state of Georgia. Additionally, we will look at ways the state generates revenue and how the state decides how to spend funds for public services. Finally, we will learn about personal finance and how to make sound financial decisions.Standards Addressed for Unit 2
SS8E1 The student will give examples of the kinds of goods and services produced in Georgia in different historical periods.
SS8E2 The student will explain the benefits of free trade.
a. Describe how Georgians have engaged in trade in different historical time periods.
b. Explain how the four transportation systems from SS8G2 contribute to Georgia’s role in trade.
SS8E3 The student will evaluate the influence of Georgia’s economic growth and development.
a. Define profit and describe how profit is an incentive for entrepreneurs.
b. Explain how entrepreneurs take risks to develop new goods and services to start a business.
c. Evaluate the importance of entrepreneurs in Georgia who developed such enterprises as Coca-Cola, Delta Airlines, Georgia-Pacific, and Home Depot.
SS8E4 The student will identify revenue sources for and services provided by state and local governments.
a. Trace sources of state revenue such as sales taxes, federal grants, personal income taxes, and property taxes.
b. Explain the distribution of state revenue to provide services.
c. Evaluate how choices are made given the limited revenues of state and local governments.
SS8E5 The student will explain personal money management choices in terms of income, spending, credit, saving, and investing.Resources for Unit 2