Suppose Molly Has an Income of $35,000 Annually and Has

question 196

Multiple Choice

Suppose Molly has an income of $35,000 annually and has inherited a savings account of $20,000. Wyatt has a job that pays $35,000 annually, but has debts totaling $6,000. Which of the following is TRUE?

• A) We can expect Wyatt and Molly to save the same proportion of their incomes this year.
• B) We can expect Molly to save more than Wyatt this year.
• C) We can expect Wyatt to save more than Molly this year.
• D) We can expect Wyatt and Molly to have equal amounts of consumption this year.