Examples of an economy in daily life for Grade 4.

📚 Quick Study Guide

• 💰 The economy is how we make, share, and use things like money, goods, and services.
• 🍎 When you buy an apple at the store, you're participating in the economy.
• 👨‍⚕️ When your mom or dad goes to work, they're contributing to the economy.
• 🏫 Schools, hospitals, and stores are all part of the economy.
• 🤝 Trading or bartering (swapping one thing for another) is also part of the economy.

Practice Quiz

1. Which of the following is an example of participating in the economy?
   1. A) Sleeping in your bed.
   2. B) Buying a toy with your allowance.
   3. C) Watching TV.
   4. D) Playing in the park.
2. What is something your parents do that contributes to the economy?
   1. A) Eating dinner.
   2. B) Driving a car.
   3. C) Going to work and earning money.
   4. D) Sleeping.
3. A store selling groceries is part of the:
   1. A) Weather.
   2. B) Economy.
   3. C) Solar system.
   4. D) Alphabet.
4. If you trade your crayons for your friend's stickers, what are you doing?
   1. A) Playing a game.
   2. B) Building a house.
   3. C) Participating in the economy.
   4. D) Taking a nap.
5. Which of these is NOT a good or service?
   1. A) A haircut.
   2. B) A car.
   3. C) A song on the radio.
   4. D) The Sun.
6. Paying someone to mow your lawn is an example of:
   1. A) Saving water.
   2. B) Participating in the economy.
   3. C) Planting a tree.
   4. D) Recycling.
7. What do we call swapping one thing for another?
   1. A) Playing.
   2. B) Eating.
   3. C) Bartering.
   4. D) Running.