Your real wealth is measured as the
A) amount of goods and services your wealth will buy.
B) amount of money you have.
C) amount of assets you have in dollar terms.
D) amount of goods you have divided by the price level.

Question

Quizplus · Accepted Answer

Real wealth is the purchasing power of your assets, not just the quantity of assets themselves. It is measured by the amount of goods and services that can be purchased with your wealth. Therefore, option A is the correct answer.

Your Real Wealth Is Measured as the