When examining the financial status of households, wealth is
A) synonymous with income.
B) a flow variable whereas income is a stock variable.
C) a stock variable and includes both tangible assets and human capital.
D) not as important as income because wealth does not change over time.
C
You might also like to view...
Macroeconomics differs from microeconomics in that macroeconomics focuses on:
A. individual choices and group behavior in individual markets. B. production in specific markets. C. the performance of national economies and ways to improve that performance. D. prices in specific markets.
The presidents most closely associated with the Great Depression were __________ and ____________.
Fill in the blank(s) with the appropriate word(s).
A tariff is a numerical limit on the quantity of a good that can be imported
Indicate whether the statement is true or false
The short-run Phillips curve shifted during the 1970s primarily because of
A) the two large oil price shocks. B) the changing demographics of the population. C) tight monetary policy. D) easy fiscal policy.