Question on: SS1 Economics - Graphs, Charts And Table With Relevant Examples

John is keeping track of his monthly expenses. In January, he spent $500 on rent, $200 on groceries, $100 on entertainment, and $100 on transportation. Create a line graph to show John's monthly expenses for January.

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Unfortunately, I can't create a visual line graph directly within this text-based format. However, I can describe how you would create the graph:

Title: Give the graph a clear title like "John's January Expenses."
Axes:
- X-axis (Horizontal): Represents the different expense categories (Rent, Groceries, Entertainment, Transportation).
- Y-axis (Vertical): Represents the amount spent in dollars ($). The scale should start at $0 and go up high enough to include the highest expense ($500 for rent).
Plot the Points:
- For Rent, find $500 on the Y-axis and plot a point above the "Rent" category