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Rappers Are Millionaires Exercise

Posted Mar 30 2006

By Daniel D. Zarazua

This supplemental activity was designed to get students to address various topics as related to microeconomics. Basically, I took an article written by Wendy Day, founder of the Rap Coalition, that breaks down a recording contract and who gets paid from an album that sells 500,000 copies. I've use it in different contexts, but students analyze constructions of "wealth" as presented in music videos, concepts such as supply and demand, monopolies, distribution, and costs of living. Page one is a lesson outline, page two is the article itself, and page three is the questions that we use.

Why Rapper’s Aren’t Millionaires Worksheet


Many of these answers are not in the article, but the background information is important to understand the full complexity of it. To get this info, you can ask peers, teachers, family, use the internet, books, magazines, etc. Basically, anything that will help you get the answers.

1. Would you rather be 50 Cent or Master P and why? (2 pts) No points off if you don’t know who either of these guys are.

2. Who makes more money, and why? (2 pts) If you don’t know who these guys are, ask a peer or check online.

Vocabulary (define these words and write a sentence with each) (12 points)

1. Clout-
2. Moét-
3. Ignorant-
4. Portray-
5. Recoup-
6. Liquidate-

Questions

1. Is “ignorant” the same as “stupid?” Explain your answer. (2 pts)
2. Who is Bill Gates? (1 pt)
3. How much is he worth? In other words, how much wealth does he have, in monetary terms? (2 pts)
4. How much do 22” car rims cost? (2 pts)
5. How much does a Cadillac Escalade cost? (2 pts)
6. What is the average price of a house in Fremont? (2 pts)
7. Figure out how much a dinner for 15 people would cost, given the following information: (20 pts)
$22 per plate
3 bottles of Moét at $50 each
Miscellaneous drinks at $150 each
Appetizers at $25 total
10 desserts at $4 each
Tax is 8.5%
The tip is 15%

8. If you make $18 an hour working at the post office, assuming that you work 40 hours per week, 52 weeks out of the year, how much do you make AFTER taxes. (Taxes are roughly 33%) (10 pts)

9. After reading these questions and reading the article, why would someone want a deal with a major record company? Use your own knowledge. (5 pts)

10. List at least three pros and three cons of being signed to a major label. (6 points)

11. If you were an artist or a manager, what are some ways that you could increase your income? Think of at least three examples (3 pts)

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