All of the following would be considered a positive addition to household wealth except
A)the equity in one's home.
B)500 shares of Google stock.
C)the balance in your savings account.
D)a credit card balance.
E)a decrease in the price level.

Question

Quizplus · Accepted Answer

A credit card balance represents debt and therefore decreases household wealth. The other options (home equity, Google stock, savings account balance, and decrease in price level) all represent assets that increase household wealth.

All of the Following Would Be Considered a Positive Addition