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What Is the Difference Between Income and Wealth

Question 17

Multiple Choice

What is the difference between income and wealth?


A) Wealth is the value of accumulated assets minus liabilities held by an individual.
B) Wealth is the total value of accumulated assets held by an individual.
C) Wealth is the stream of receipts from work or property generated by an individual over a particular time period.
D) Wealth is the total amount of money owed in debts by an individual.

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