Summary Assignment 1 Impact of Economics on Daily Living.docx Assignment 1: Impact of Economics on Daily Living ECO110 Budgets Budget 1 Dollars Percent Income 25000 1 Expenditures Rent 7500 0.3 Imported Food 1250 0.05 Food from the U.S. 250

ECO110




Assignment 1: Impact of Economics on Daily Living


ECO110




1

, ECO110




Budgets
Budget 1 Percen
Dollars Percent Dollars t
Income $25,000 100% Incom
Expenditures e $25,000 100%
Rent $7,500 30% Expenditures
Imported Food $1,250 5% Rent $8,250 33%
Food from the U.S. $2,500 10% Imported Food $750 3%
Utilities $750 3% Food from the U.S. $3,000 12%
Transportation $750 3% Utilities $500 2%
Education $2,500 10% Transportation $500 2%
Family Care $2,500 10% Education $2,500 10%
Savings $7,250 29% Family Care $2,500 10%
Total $25,000 100% Savings $7,000 28%
Total $25,000 100%

Budget 2




2