Karrie is a golf pro, and after she paid taxes, her income from golf and interest on

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Karrie is a golf pro, and after she paid taxes, her income from golf and interest on her financial assets was $1,500,000 in 2020. At the beginning of 2020, she owned $900,000 worth of financial assets. At the end of 2020, Karrie’s financial assets were worth $1,900,000.

a. How much did Karrie save during 2020?

b. How much did she spend on consumption goods and services?

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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