1. Identify the ýve highest paying industries for all persons. 2. Choose three of the industries you have identiýed and explain why these are high-paying industries. 3. Identify the three lowest paying industries. Explain why these industries offer lower earnings. 4. Outline the trend between the amount males earn and the amount females earn in each industry. 5. Explain the potential reasons for your ýndings in the previous question.
17.4
Exercise
Learning pathways LEVEL1 1, 2
LEVEL2
LEVEL3
3, 4, 6
5, 7, 8
REMEMBER AND UNDERSTAND 1. Determine if the following statements are true or false. a. The income you can earn from a job can help you to improve your living standards. b. A wage is different from a salary. c. Dividends are a reliable source of income. 2. Identify three reasons a person may receive a welfare payment. A. They are working full-time. B. They are sick. C. They have retired and cannot support themselves. D. They are under the age of 16. E. They are unemployed. F. They are working for the healthcare system. 3. Rental income often comes from an investment property. Propose some of the risks involved in owning a rental property. 4. Rank each job below from 1 to 10. One is the highest status, and ten is the lowest. Write your number in the column on the right. Compare your list with your classmates’ lists.
a. Entertainers
b. Doctors
c. Teachers
d. Bankers
e. Fireýghters
f. Scientists
g. Police
h. Athletes
i. Plumbers
j. Computer programmers
APPLY AND ANALYSE 5. Answer the following. a. Explain what is meant by being a shareholder. b. Outline the beneýts and risks of being a shareholder. 6. Contrast a wage and a salary. 7. Explain what is meant by the term ‘standard of living’. 8. Explain how a person might combine different sources of income. Answers and sample responses for this topic are available online.
604 Jacaranda Humanities Alive 7 Victorian Curriculum Third Edition
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