Author Question: At the beginning of the year, your wealth is 10,000. During the year, you have an income of 80,000 ... (Read 132 times)

Bernana · **on:** Jun 29, 2018

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) 20,000.00.
B) 0.
C) 90,000.00.
D) 100,000.00.

Question 2

Slowdonia's current growth rate of real GDP per person is 1 percent a year. Approximately how long will it take to double real GDP per person?

A) 10 years
B) 35 years
C) 70 years
D) 100 years