Questions 27 and 28 use the following information.

Suppose in 2020 we observe that household disposable income is 90,000 and consumption is 78,000.Suppose in 2021 we observe that disposable income is 110,000 and consumption is 92,000.Suppose that neither autonomous consumption nor the marginal propensity to consume change in 2020, 2021 or 2022.

1. Suppose on January 1, 2020 this household has 50,000 in wealth. Suppose in calendar year 2022 this household has disposable income of 100,000.How much wealth will this household have on January 1, 2023?

Group of answer choices

65000

45000

95000

80000

Questions 27 and 28 use the following information.

Suppose in 2020 we observe that household disposable income is 90,000 and consumption is 78,000.Suppose in 2021 we observe that disposable income is 110,000 and consumption is 92,000.Suppose that neither autonomous consumption nor the marginal propensity to consume change in 2020, 2021 or 2022.

1. Which of the following combinations of transactions can account for the household's saving in calendar year 2020?

Group of answer choices

Buy 6000 worth of stocks, sell a diamond ring for 18000

Withdraw 3000 from a bank, buy 9000 in bonds

Repay a 4000 loan, take out a new loan for 8000

Pay off a 20000 credit car loan, sell a car for 8000