ECO110 Assignment1.docx

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ECO 110 Assignment 1 ECO 110 Impact of Economics on Daily Living Describe Budget Changes According to your budget from last year to this year, there are several expenditures that have changed. Yo... ur housing cost increased $900 this year. This will be due to the apartment increasing your rent after signing the new lease. Your food cost has increased as well. This could be due to the cost of food going up overall. Some resources increase yearly and this is one of those resources. Your healthcare, transportation, utilities, education and cell phone expenditures remained the same from last year. You both have made decisions to keep those budgeted appropriately. With gas prices going up and deciding to participate in a carpool was beneficial. Had you continued to take your car to work daily this expenditure would have increased. If Ebony decides to take Summer classes your education expe. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]

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