2. Jumping Jack Cash
When I say go, do as many jumping jacks as you
can until I say stop.
Keep count of the number of jumping jacks you
do
3. Productivity
Definition: Amount of output produced per unit
of input used per unit of time
Example: number of jumping jacks completed by a
student per second
4. What is Income?
Income is earned by households for selling or renting their
productive resources.
Types of income may include:
- salaries - wages
- profit
- interest - rent
The productive resources in this activity are the students who
earned income for the jumping jacks they completed.
5. In our class, Income varied according to productivity
Those with lower productivity earned less income while those with higher
productivity earned more income.
Productivity can be influenced by education, experience, talents, and other
factors.
As productivity increases, income usually increases.
6. 1. How might a student increase their jumping jack
productivity?
1. What would you expect to happen to your income if your
productivity increased?
7. Income Simulation
1. I am going to give a card to each “household.”
2. Each card includes information on income, education, and
occupation.
3. Line up in order from least to greatest based on the
income shown on your card.
4. Divide yourselves into 5 equal groups.
8. These five groups are quintiles.
This means that each quintile represents 20 %
percent of the households in the classroom.
