Multiple Choice
Ms. Anderson has $60,000 income this year and $40,000 next year. The market interest rate is 10 percent per year. Suppose Ms. Anderson consumes $80,000 this year. What will be her consumption next year?
A) $18,000
B) $30,000
C) $60,000
D) $70,000
Correct Answer:
Verified
Correct Answer:
Verified
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