The amount that households have accumulated out of past income through saving and inheritance is
A) future income.
B) wealth.
C) consumption.
D) present income.

Question

Quizplus · Accepted Answer

Wealth refers to the total stock of assets (including money, property, and other valuables) that households have accumulated over time through saving and inheritance, not just their current or future income or consumption.

The Amount That Households Have Accumulated Out of Past Income