1. Government Finance: Lesson 1-Federal
Revenue and Expenditures
1. Terms: Examine terms on pageVE-3
a. Transfer Payments: Payments from the federal
government directly to Canadian citizens or to
provincial and municipal governments
b. Federal government: the government of Canada
2. Assignment:
a. Read Lessons 1A, 1B and 1C and complete the
following questions to be handed in next class for a
completion check:
i. Lesson 1A: Q’s 1, 2, 3
ii. Lesson 1B: Q’s 1 and 3
iii. Lesson 1C: Q’s 1, 4 and 6
3. Mathematics:
a. You will have to find percentages in some questions.
The formula is: percentage = (part ÷ whole) X 100
b. Some lists show cash numbers (in millions of dollars).
To find the actual amounts, take the number listed
and add six zeros to the right of the decimal point.

2. i. Ex: 1,200 (in millions of dollars) = 1,200,000,000
or 1.2 Billion dollars