Which of the Following Statements Is True About the Difference

Multiple Choice

Which of the following statements is true about the difference between wealth and income?

A) Wealth measures all that a person and family have accumulated over years; income measures individual or family earnings.
B) In the U.S., income inequality is greater than inequality in wealth.
C) Inequality in wealth is a relatively new phenomenon in the U.S.
D) While inequality of wealth is high in the U.S., it is not as high as it is in European nations.