The Hatfields and the McCoys both earn $50,000 per year in real terms in the labor market, and both families are able to earn a 5% real interest rate on their savings.In the year 2010, both families began to save.The Hatfields saved 8% of their income each year; the McCoys saved 10%.In 2010, the Hatfields consumed ______ more than the McCoys; in 2011, the Hatfields consumed ______ than the McCoys.
A)$1,000; about $960 less
B)$2,000; about $960 more
C)$1,000; about $960 more
D)$2,000; about $960 less

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The Answer of The Hatfields and the McCoys both earn $50,000 per year in real terms in the labor market, and both families are able to earn a 5% real interest rate on their savings.In the year 2010, both families began to save.The Hatfields saved 8% of their income each year; the McCoys saved 10%.In 2010, the Hatfields consumed ______ more than the McCoys; in 2011, the Hatfields consumed ______ than the McCoys.
A)$1,000; about $960 less
B)$2,000; about $960 more
C)$1,000; about $960 more
D)$2,000; about $960 less

The Hatfields and the McCoys Both Earn $50,000 Per Year