Which of the following is the definition of wealth?
A) Real disposable income
B) The total value of assets
C) Real income
D) The value of liabilities minus the value of assets
E) The value of assets minus the value of outstanding liabilities.

Question

Quizplus · Accepted Answer

Wealth is defined as the value of assets minus the value of outstanding liabilities. This means that it takes into account both the assets and liabilities of a person or entity, and reflects the net worth or financial position. Real disposable income (A) and real income (C) are measures of income, while the total value of assets (B) and the value of liabilities minus the value of assets (D) do not take into account the full financial picture.

Which of the Following Is the Definition of Wealth