At the beginning of the year, your wealth is $10,000. During the year, you have an income of $90,000 and you spend $80,000 on consumption. You pay no taxes. Your wealth at the end of the year is

Which of the following are primarily macroeconomic topics and which are primarily microeconomic topics?

a. college tuition rates b. farm subsidies c. national income d. automobile prices e. air traffic congestion f. economic recession

A Giffen good could be either a normal good or an inferior good

Indicate whether the statement is true or false