The Hatfields and the McCoys Both Earn $50,000 Per Year

question 19

Multiple Choice

The Hatfields and the McCoys both earn $50,000 per year in real terms in the labor market, and both families are able to earn a 5 percent real interest rate on their savings. In the year 2010, both families began to save. The Hatfields saved 8 percent of their income each year; the McCoys saved 10 percent. In 2010, the Hatfields consumed ________ more than the McCoys; in 2011, the Hatfields consumed ________ than the McCoys.

• A)$1,000; about $960 less
• B)$2,000; about $960 more
• C)$1,000; about $960 more
• D)$2,000; about $960 less

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Feminist Attitude

A stance or belief that advocates for equal rights and opportunities for women, challenging gender inequalities and advocating for societal change.