If capital gains equal zero,then the Ng family's wealth at the end of the year equals their wealth at the beginning of the year

Question

Quizplus · Accepted Answer

If capital gains equal zero, then the Ng family's income for the year will be equal to their consumption expenditure minus personal income taxes. Therefore, their wealth at the end of the year will be equal to their wealth at the beginning of the year plus their saving (i.e. income minus consumption minus taxes).

If Capital Gains Equal Zero,then the Ng Family's Wealth at the End