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The Household's Year One Budget Constraint Is

Question 7

Multiple Choice

The household's year one budget constraint is:


A) real assets at the end of year zero plus real income in year one less consumption in year one equals real assets at the end of year one.
B) real income in year one less real assets at the end of year zero less consumption in year one equals real assets at the end of year one.
C) real assets at the end of year zero plus real income in year one plus consumption in year one equals real assets at the end of year one.
D) real income in year one plus consumption in year one less real assets at the end of year zero equals real assets at the end of year one.

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