David Consumes 140 in the Current Period and 220 in the Future

question 30

Multiple Choice

David consumes 140 in the current period and 220 in the future period.David's present value of lifetime consumption is 340.The real interest rate is

• A)0%.
• B)5%.
• C)10%.
• D)20%.

---

Definitions:

Functional Job Analysis

A method of job analysis that describes a job in terms of the tasks performed and the competencies required to perform those tasks.

Job Analysis Method

A systematic process used to identify the duties, responsibilities, and requirements of a specific job.

Organizations

Groups of people structured systematically to achieve specific goals or perform specific tasks.

Time-And-Motion Study

An analysis designed to optimize productivity by studying the tasks within a job, to reduce inefficiency and increase effective use of human effort.