Multiple Choice
If a person completely smooths consumption over his lifetime,then consumption is best represented by which of the following?
A) wealth / the number of years the person expects to live
B) lifetime income / the number of years the person expects to work
C) (wealth + lifetime income) / the number of years the person expects to live
D) (wealth + lifetime income) / the number of years the person expects to work
Correct Answer:
Verified
Correct Answer:
Verified
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