A household currently has £450 available each month for the spending shown in Table 1.
| Monthly spending | Cost |
|---|---|
| Basic food | £280 |
| Heating | £90 |
| Cinema membership | £30 |
| Restaurant meals | £50 |
| Total | £450 |
The amount available for this spending falls to £370 per month.
Which change would bring the household's spending within its new monthly budget while maintaining its spending on needs?
Stop paying for restaurant meals and make no other change
Reduce basic food by £50 and heating by £30
Stop paying for cinema membership and make no other change
Stop paying for cinema membership and restaurant meals
81 exam-style questions on AQA GCSE Economics 1.1 Economic foundations, covering 1.1.1a Needs and wants, 1.1.1b The central purpose of economic activity, 1.1.1c Key economic decisions, 1.1.1d The main economic groups, 1.1.2a The nature of an economic resource, 1.1.2b The four factors of production, 1.1.3a The basic economic problem and making choices, and 1.1.3b Opportunity cost. Each one has a worked solution and a mark scheme showing where the marks go.