3.9(A) MAKING AN INCOME

3.9(A) MAKING AN INCOME

3rd Grade

Money earned by doing a paid job.

What are some ways to earn income?

Income

​Physical or mental work people to do to earn money.

What are some examples of labor?

Labor

The knowledge, skills, and talent that people bring to their work.

Human Capital

​Something that is made or grown.

What is an example of a job that produces a good?

Good

Work that someone does for another person.

What is an example of a job that provides a service?

Service

Human Capital​ & Income

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Ruchi is 10 years old and Anita is 6 years old. Ruchi knows how to write, so she earns $1 extra to address letters for her mom. Anita earns 50¢ extra for putting stamps on the letters. How does what the girls know and do affect their income?​

Subject | Subject

3.9(A) Human Capital / Labor and Income

Who can buy the item?​

Jose and Karen earn $13 per hour. Jose works 8 hours. Karen works 7 hours. Who can buy a microscope for $89?

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Subject | Subject

3.9(A) Human Capital / Labor and Income

Who can buy the item?​

Marta and Naji earn $12 per hour. On the same workday, Marta works 9 hours and Naji works 8 hours. Who can buy a computer desk for $100 with their income earned that day?​

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Subject | Subject

3.9(A) Human Capital / Labor and Income

Link Labor to Income

Career Cards

Discuss with your partner the career you got.

Think about the following questions:

-Have you heard of the career before?

-Do you know someone with this career?

-Does this career provide a good or service?

-What type of work is performed by this career?

-Does this career provide an income?

Multiple Choice

Marcia finished nursing school. Ben finished high school. Which statement about their job opportunities is most likely to be true?

• Ben has more specialized skills than Marcia.

• Marcia has fewer specialized skills than Ben.

• Marcia may become a nurse.

• Ben and Marcia may do the same job.

Multiple Choice

Andrew enjoys working in an office with other people. Chloe has the most education. Tanya likes to work outside. Which statement is most likely true about the people and jobs?

• Chloe is the landscape worker

• Andrew is the legal secretary.

• Andrew is the teacher.

• Tanya is the legal secretary.

Multiple Choice

Karina went to school for 6 more years after graduating from a 4-year college to become an eye doctor. Which is most likely to be the amount of money she earns each week when she starts to work?

• $200

• $800

• $2,000

• $600

Multiple Choice

Ben earns $700 a week, Bradley earns $925 a week, and Russ earns $1,400 a week. Which statement about their knowledge and work skills is the most likely to be true?

• Russ had no additional training past high school.

• Bradley has the least training and work skills.

• Ben has the least training and work skills.

• Bradley went to medical school.

Multiple Choice

Kenneth went to college for 4 years, then went to graduate school for another two years. Which is most likely a job that Kenneth does based on his education?

• auto mechanic

• teacher

• surgeon

• clerk

Fill in the Blanks

Elio helps his grandfather rake leaves. He earns $3 an hour. Elio rakes leaves for 2 hours each day for two weeks. How much money does Elio earn?