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Introduction to Economics 2
Introduction to Economics 2 Deneme Sınavı
Introduction to Economics 2 Deneme Sınavı Sorusu #349532
Introduction to Economics 2 Deneme Sınavı Sorusu #349532
Which of the following is defined as the monetary value of all assets that households have?
Investments
|
Wealth
|
Expenditures
|
Expectations
|
Consumption |
Yanıt Açıklaması:
Wealth is the value of all assets that households have. These include houses, automobiles, bank accounts, stocks and all kinds of assets such as income expected to be obtained in the future. When the wealth of households increases, the available resources that can be allocated for spending increase, too. As a result, the amount of consumption expenditure at each income level will increase.
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