In the intertemporal budget constraint, $\bar { X }$ is:
A) lifetime income
B) total lifetime wealth
C) today's wages
D) a household stock of bank savings
E) future wealth

Question

Quizplus · Accepted Answer

In the intertemporal budget constraint, $\bar { X }$ represents total lifetime wealth, which includes all resources available over a lifetime for consumption and savings.

In the Intertemporal Budget Constraint Xˉ\bar { X }Xˉ Is: A) Lifetime Income B) Total Lifetime Wealth C) Today's

In the Intertemporal Budget Constraint $\bar { X }$ Is:
A) Lifetime Income
B) Total Lifetime Wealth
C) Today's