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At the Beginning of the Year, Your Wealth Is $10,000

Question 29

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 goods and services.You pay no taxes.Your wealth at the end of the year is


A) $10,000.
B) $20,000.
C) $0.
D) $90,000.
E) $100,000.

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