Answer:
If Jenny doesn’t earn any interest on her savings and wants to perfectly smooth consumption across her life, how much will she consume every year?
Jenny's total income during her life = income as tax analyst ($60,000 x 10) + income as PhD student ($12,000 x 5) + income as Art Director (35 x $95,000) = $3,985,000
she generated income during 50 years and expects to live 20 more, so in order to perfectly smooth consumption across her life, she must divide her total life income by 70 years = $3,985,000 / 70 years = $56,928.57 per year
What might prevent her from perfectly smoothing consumption?
First of all, besides inflation, you also earn interest on your savings. That is why 401k and other retirement accounts work so well (the magic of compound interest). Even if inflation and interests didn't exist, you cannot know exactly what you are going to earn in the future and for how many years. In this case, she earned $60,000 for 10 years, but then earned only $12,000 during 5 years. If she really wanted to smooth her consumption, she would have needed to get a loan because her savings during the first 10 years wouldn't be enough.
Answer: All of the above.
Explanation: None of the listed options would be included when calculating the gross domestic product of a country. This is so because gross domestic product only calculates the total value of commodities/services produced by a country during a fixed time frame.
Answer:
beg8ner ine expert one explorer ine is types of it
Answer:
The correct option is: B. work sample
Explanation:
Work sample is a statistical technique by which the employer tests the ability of a candidate by assigning a sample work to be performed, in order to evaluate or analyze the work performance of the individual.
It can also be defined as the previous work or projects that are used to determine the efficiency or performance of the candidate.
<u>Therefore, in the given scenario, Dave’s graphic portfolio is an example of a </u><u>work sample.</u>
