Ch 5: The Federal Government & the American Economy

About This Chapter

These video lessons offer an overview of the federal government's participation in the country's economy. Topics covered include the deficit and taxes, and you can check what you've studied through quizzes at the end of each lesson.

The Federal Government and the American Economy - Chapter Summary and Learning Objectives

While the U.S. operates under a free market system, the government does play a large role in the economy through its fiscal policies and regulations on trade and finance. Consumer rights, national debt, property rights and taxation are all economic issues in which the government is involved. In these lessons we'll learn about how the federal government influences the economy. By the end of the chapter, you should understand:

  • Why the federal government sets economic goals for the country
  • How government works to oversee the rights of consumers
  • The influence of government fiscal policies on the individual
  • What the impact of national debt is
  • How government obtains revenue through taxation

Video Objective
Economic Goals for the US EconomyExamine the government's goals for the U.S. economy.
The Role of Government in a Market EconomyLook at ways governments deal with property rights, environmental issues, improving competitiveness in free market and supervising the rights of consumers.
Government Fiscal Policies: Goals and Influence Explore how government actions can influence the economy.
Government Intervention in the Economy: Issues & FactorsLearn about national debt, deficits and how government actions can hurt the economy.
Principles and Systems of TaxationGain an understanding of taxation systems at the local, state and national levels.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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