Draw a two period budget line where the borrow/lending rate of interest, r, allows consumers to choose consumption in each of the two periods. C1 and C2 given their anticipated income on two periods, Y1 and Y2 . The slope is

A statement of assets and liabilities of any business entity is called

A) a balance sheet. B) an income statement. C) a statement of net worth. D) a cash flow statement.

The best measure of a country's living standard is______

a. real gdp per capita b. average annual investments c. CPI-based inflation rates d. the minimum wage