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

question 29

Multiple Choice

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 goods and services.You pay no taxes.Your wealth at the end of the year is

• A)$10,000.
• B)$20,000.
• C)$0.
• D)$90,000.
• E)$100,000.

---

Definitions:

Continuous Spectrum

A seamless spectrum of light (or other electromagnetic radiation) in which every wavelength within a certain range is represented.

Energy Level

The specific amount of energy an electron can have when occupying a certain orbital in an atom.

Atom

The basic unit of a chemical element, consisting of a nucleus of protons and neutrons, and electrons orbiting the nucleus.

Spectrum Color

The band of colors produced when light is separated into its component wavelengths, visible as when passing through a prism.