If You Could Exactly Afford Either 4 Units of X

question 26

Multiple Choice

if you could exactly afford either 4 units of x and 27 units of y, or 9 units of x and 7 units of y, then if you spent all of your income on y, how many units of y could you buy?

• A)23
• B)63
• C)43
• D)13
• E)None of the above.

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Definitions:

Interest Rate

The percentage of an amount of money charged by lenders to borrowers for the use of money, usually expressed as an annual rate.

Investment

The allocation of resources, usually money, into assets or projects expected to yield future returns or growth.

Government Spending

Expenditures by government agencies on goods and services that directly affect the economy, including salaries, infrastructure, and welfare programs.

Budget Balance

The financial position of a government, indicating whether it is spending more than its income (deficit), equal to its income (balanced), or less than its income (surplus).