Documents ECON 101 MIDTERM 2

Slide 1 ECON 101 MIDTERM 2 1 Agenda Chapter 8: Utility and Demand Chapter 9: Possibilities, Preferences, and Choices Chapter 11: Output and Costs 2 Chapter 8 Definitions:…

Documents Patterns of Consumption

Patterns of Consumption Consumption represents 2 out of every 3 dollars of GDP. About 70% of a householdâs budget is spent on housing, transportation, food, and health expenditures.…