At the Beginning of the Year, Your Wealth Is $10,000

question 84

Multiple Choice

At the beginning of the year, your wealth is $10,000. During the year, you have an income of
$90,000 and you spend $80,000 on consumption. You pay no taxes. Your wealth at the end of the year is

• A) $0.
• B) $100,000.00.
• C) $90,000.00.
• D) $20,000.00.

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Definitions:

Altruistic Helping

When a helper seeks to increase another’s welfare and expects nothing in return

Empathy

The ability to understand and share the feelings of another individual.

Reduce Others' Distress

The act of alleviating or minimizing emotional or psychological suffering in other individuals.

Egoistic Helping

Acts of providing assistance to others motivated by a desire to benefit oneself, such as feeling good or avoiding guilt.