Four Sectors of US economy

Which of these is NOT a sector of the US economy?

• Schools

• Private Business

• Banks

• Government

How do private businesses affect the economy?

• Build roads, hospitals, bridges, and schools

• Loan people money

• Provide jobs, services, and good for people

• Help us plan how to spend/save money

How do individuals (people) affect the economy?

• People work, receive a paycheck, and then buy things from buisinesses.

• People make loans to banks

• People build roads and bridges

• People work and give all their money to the government.

What services do banks provide?

• Build roads, bridges, schools, hospitals.

• Banks pay all people who have a job.

• Banks teach you how to spend and save your money

• Provide checking accounts, saving accounts, and loans to people

How does the government help the economy?

• Pay people who work at factories

• Teaches people how to spend/save money

• Build roads, schools, hospitals with tax money.

• They give everyone a paycheck so people don't have to work.

What is a personal budget?

• spending all your birthday money before your next birthday

• a plan for saving and spending your own money

• The government's plan to spend tax dollars

• The amount of money you make at your job.

Which of these is NOT a role banks play?

• Provide loans

• Provide checking accounts

• Pay people's taxes for them.

• provide savings account

Which of the following is NOT a role individuals (people) play in the economy?

• Work to receive a paycheck

• Tax each other

• Buy things from stores

• Run businesses that provide goods and services.

Who is responsible for providing national defense to the country?

• Individual people

• Private businesses

• banks

• government

Owning a restaurant is an example of which sector of the economy?

• Government

• Private Business

• Banks

• Personal Budget