Multiple Choice
At the beginning of the year, your wealth is $10,000. During the year, you have an income of
$80,000 and you spend $90,000 on consumption. You pay no taxes. Your wealth at the end of the year is
A) $90,000.00.
B) $100,000.00.
C) $0.
D) $20,000.00.
Correct Answer:
Verified
Correct Answer:
Verified
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