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The Parameter in the Consumer's Lifetime Utility Function Represents the ___________ and the ___________

Question 42

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The parameter The parameter In the consumer's lifetime utility function represents the ___________ and is __________. A) weight he puts on the future relative to today;less than one B) value of future consumption;equal to one or equal to zero C) expected present value of lifetime wealth;unknown today D) rate of return to savings;equal to long-term bond yields E) annual income growth;equal to the average GDP growth rate
In the consumer's lifetime utility function represents the ___________ and is __________.


A) weight he puts on the future relative to today;less than one
B) value of future consumption;equal to one or equal to zero
C) expected present value of lifetime wealth;unknown today
D) rate of return to savings;equal to long-term bond yields
E) annual income growth;equal to the average GDP growth rate

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