1. Economic Goals
Chapter 2 Lesson 2

2. Objective
--Describe the basic economic
goals in the US

3. 1. Economic Freedom --People can choose their
occupation, employer & uses
of their money

4. 2. Economic Efficiency --Use the 4 factors wisely
--i.e.—do not waste resources

5. 3. Economic Equity -- = pay for = work -- have a larger middle class
-- illegal to discriminate based on:
-- = pay for = work
1. age
4. religion
2. gender
5. disability
3. race

7. Income inequality in the US

8. 4. Economic Security --protection against illness insurance --layoffs
Unemployment comp
--retirement
social security &
Medicare

9. Social Security

10. 5. Full Employment --everyone that wants a job should
have one to earn an income
What do we consider full
employment?
5% unemployment

11. 6. Price Stability --having stable prices makes it easier to budget
--inflation-a rise in the general level
of prices
--fixed income-income that does
not increase even though prices do

12. 7. Economic Growth --needed so people can have more g & s
--increase in GDP
--the “American Dream”

13. Assignment You are going to write the Kahoot It questions for review.
You must write 6 multiple choice questions 3 on economic systems and 3 on the goals of the US. You must include answer choices for A B C and D.