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Author Question: Permanent income is (Read 13 times)

tichca

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on: Apr 19, 2019

Question 1

A medical student is likely to consume more than a high school student because the


◦ medical student bases consumption on current income while the high school student does not.
◦ high school student bases consumption on permanent income while the medical student does not.
◦ medical student's permanent income is likely higher than the high school student's permanent income.
◦ medical student and the high school student both base consumption on current income.

Question 2

Permanent income is


◦ current income.
◦ expected future income.
◦ the average level of expected future income.
◦ accumulated wealth.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tichca on Apr 19, 2019

cadimas

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tichca

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Reply #2 on: Apr 19, 2019
Thank you!


cadimas

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Reply #3 on: Apr 19, 2019
Always glad to help...


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