Budgeting Data Crunch
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Budgeting Data Crunch
MATH: Unit Price
In this activity, students will be able to:
- Calculate unit price for grocery and household items.
- Consider the advantages and disadvantages of buying bulk items with a lower unit price.
Source: NGPF
MATH: Graphing a Budget Equation
In this activity, students will be able to:
- Graph a linear equation representing budget tradeoffs between different purchases.
- Write linear equations in standard form based on word problems using possible real-world budgets.
Source: NGPF
MATH: Calculating Percentages
In this activity, students will be able to:
- Calculate percentages using a variety of real-world budgeting scenarios.
Source: NGPF
MATH: Discounts and Composite Functions
In this activity, students will be able to:
- Use composite functions to identify how to to get the best deal when shopping.
- Solve for the cost of item after applying specific coupons and discounts.
Source: NGPF
MATH: Exponential Decay in Purchasing Power
In this activity, students will be able to:
- Use the exponential change function to calculate the loss of purchasing power due to inflation over time.
- Write exponential functions from word problems.
Source: NGPF
DATA CRUNCH: What Is the Relationship Between Household Income and Food Security?
In this activity, students will be able to:
- Analyze stacked bar graphs
- Compare the number of households experiencing food insecurity across different income levels
Source: Brookings
DATA CRUNCH: Has Income Kept Up with the Cost of Living?
In this activity, students will be able to:
- Analyze and interpret data regarding the increase in price of consumer goods compared to the increase of average wages
Source:
DATA CRUNCH: How Does the Minimum Wage Compare to the Living Wage?
In this activity, students will be able to:
- Analyze and interpret data regarding the minimum and living wage of different states
Source:
DATA CRUNCH: What Can You Buy With the USDA Low-Cost Food Plan?
In this activity, students will be able to:
- Analyze and interpret data regarding the USDA's lowest recommended food budget and compare it to other food plans
Source:
DATA CRUNCH: How Does Spending Differ Across Generations?
In this activity, students will be able to:
- Analyze a stacked bar graph comparing daily spending by age.
Source: Bureau of Labor Statistics
DATA CRUNCH: How Have Prices For Consumer Goods Changed Over the Past 20 Years?
In this activity, students will be able to:
- Analyze the changes in different goods and services over the last 20 years.
- Compare the change in the price of different goods to overall inflation during the same time period.
- Categorize which types of goods have increased and decreased in price and hypothesize reasons for those changes.
Source: AEI
DATA CRUNCH: How Much Income Do You Need to be Rich?
In this activity, students will be able to:
- Analyze survey results on what income level people consider rich, poor, or neither.
Source: Gallup Poll
DATA CRUNCH: What Does The Average Household Spend Money On?
In this activity, students will be able to:
- Analyze a pie chart of how the median household budget breaks down.
Source: Bureau of Labor Statistics
