Assuming No Bequests,with a Real Interest Rate of 10 Percent,wealth

question 7

Multiple Choice

Assuming no bequests,with a real interest rate of 10 percent,wealth of $60,000,current income of $70,000,current consumption of $30,000 and future income of $100,000,future consumption equals ________.

• A)$30,000
• B)$70,000
• C)$100,000
• D)$210,000

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Definitions:

Tolerable Range

The range of environmental conditions within which an organism can survive and reproduce without experiencing stress.

Carolus Linnaeus

A Swedish botanist, physician, and zoologist in the 18th century, who laid the foundations for the modern scheme of binomial nomenclature.

Natural Selection

The mechanism through which better-suited organisms to their surroundings are more likely to survive and yield a higher number of progeny.

Scientific Method

Making, testing, and evaluating hypotheses about the natural world.