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
D
Economics
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Refer to Figure 4-3. If the market price is $3.00, what is the consumer surplus on the second ice cream cone?
A) $0 B) $0.50 C) $3.00 D) $5.50
Economics
A problem when implementing countercyclical fiscal policy is
a. knowing where the turning point is b. defining the accelerator c. identifying which multiplier to use d. knowing when the balanced budget multiplier equals 1.0 e. finding the natural unemployment rate
Economics