You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets and $1,000 of debt. You have O money = $2,300, annual income $6,0000, and wealth = $5,000. %3D O money = $300, annual income $6,000, and wealth = $4,300. %3D %3D %3D O money = $200, annual income $500, and wealth = $4,300. %3D %3D %3D money = $300, annual income $6,000, and wealth $5,000. %3! %3! %3D
You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets and $1,000 of debt. You have O money = $2,300, annual income $6,0000, and wealth = $5,000. %3D O money = $300, annual income $6,000, and wealth = $4,300. %3D %3D %3D O money = $200, annual income $500, and wealth = $4,300. %3D %3D %3D money = $300, annual income $6,000, and wealth $5,000. %3! %3! %3D
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Q4
![You earn $500 a month, currently have $200 in currency, $100 in your
checking account, $2,000 in your savings accounts, $3,000 worth of illiquid
assets and $1,000 of debt. You have
money = $2,300, annual income $6,000, and wealth $5,000.
O money = $300, annual income $6,000, and wealth = $4,300.
O money = $200, annual income =
$500, and wealth = $4,300.
O money = $300, annual income $6,000, and wealth $5,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3da1662a-9652-4865-b2fb-1df83b2bb5d8%2F4459b775-3194-47d4-83c3-471a1b88618a%2Fqbojl3p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You earn $500 a month, currently have $200 in currency, $100 in your
checking account, $2,000 in your savings accounts, $3,000 worth of illiquid
assets and $1,000 of debt. You have
money = $2,300, annual income $6,000, and wealth $5,000.
O money = $300, annual income $6,000, and wealth = $4,300.
O money = $200, annual income =
$500, and wealth = $4,300.
O money = $300, annual income $6,000, and wealth $5,000.
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