Question

PLEASE HELP ASAP!! BEST ANSWER GETS BRAINLIEST!!

Which of the following expenses would most likely be reduced during hard times in both a household budget and a national budget?

fixed expenses, like a mortgage or a debt payment
luxury expenses, like new TVs or funding for recreation
necessary expenses, like food or national security
variable expenses, like food and education spending

Answer 1

Luxury items--you can live without them, so they would be the first thing you cut out.

Answer 2

During hard times in both a household budget and a national budget LUXURY EXPENSES would have to be reduced.