Assuming a Real Interest Rate of Four Percent,which of These

question 47

Multiple Choice

Assuming a real interest rate of four percent,which of these causes the largest increase in the present value of lifetime resources?

• A)a winning lottery ticket that pays $9,600 today
• B)an additional $10,000 of income in the future period
• C)a salary increase of $5,000 both today and in the future period
• D)an additional $10,000 of current wealth

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