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

question 63

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

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