Which of the following increases the chance of Americans accumulating a large amount of wealth during their lifetimes?
a. Starting to save money early in life
b. Investing in the stock market
c. Paying bills with cash
d. Graduating from high school
a. Starting to save money early in life
Those who start saving money early in life increase earnings and improve the likelihood of accumulating wealth.
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Refer to the table above. If there is no statistical discrepancy, the capital and financial account balance equals
A) -$200 billion.
B) +$200 billion.
C) -$220 billion.
D) +$220 billion.
E) +$20 billion.
Over the past 40 years, which of the following has the U.S. economy experienced?
A. secular deflation B. stable prices and so zero inflation rate C. persistent deflation D. persistent inflation
Income-in-kind is
A) money income. B) received in the form of goods and services. C) income in dollars. D) used to buy goods and services.
Goods and services of value to households are
A. outputs in the production process. B. both inputs and outputs in the production process. C. inputs in the production process. D. unrelated to the production process.