________ is defined as the value of a household's assets minus the value of its liabilities.
A)Household income
B)Household wealth
C)Personal household consumption
D)Planned household investment

Question

Quizplus · Accepted Answer

Household wealth is defined as the net value of assets (such as real estate, stocks, savings, and personal property) minus the value of liabilities (such as mortgages, credit card debt, and loans). This represents the total value of a household's financial resources that can be used to fund future consumption or investments. Household income refers to the amount of money that a household earns through various sources (such as salaries, wages, and investments) over a given time period. Personal household consumption refers to the expenditure of money by a household on goods and services that satisfy their wants and needs. Planned household investment refers to the amount of money that a household plans to invest in various assets (such as real estate or stocks) in order to generate future returns.

________ Is Defined as the Value of a Household's Assets