First-graders at Woodleaf Elementary School in North Carolina are learning real-world skills by choosing jobs, calculating the salary, and managing money to pay "rent" and other bills. It's part of a program designed to meet state social studies standards that require students to understand basic economic concepts. The students are "paid" $6 for attendance, doing their primary jobs of going to school and being good citizens. Each student can earn more based on classroom jobs and behavior.

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