Assume you define your permanent income as the average of your income over the most recent five years, and you always consume 90% of your permanent income.What is your current consumption if your income was $30,000 in the first of these five years and each year from then on you got a raise of $2,000?
A)$36,000
B)$34,200
C)$30,600
D)$28,800
E)$27,000

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The Answer of Assume you define your permanent income as the average of your income over the most recent five years, and you always consume 90% of your permanent income.What is your current consumption if your income was $30,000 in the first of these five years and each year from then on you got a raise of $2,000?
A)$36,000
B)$34,200
C)$30,600
D)$28,800
E)$27,000

Assume You Define Your Permanent Income as the Average of Your