Which Term Refers to the Total Assets of an Individual

question 138

Multiple Choice

Which term refers to the total assets of an individual or household minus liabilities?

• A)income
• B)gross income per capita
• C)standard of living
• D)wealth

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Definitions:

Negatively Correlated

Refers to two variables which move in opposite directions; when one variable increases, the other decreases, and vice versa.

Variables

Elements, features, or factors that are likely to vary or change and can be measured, controlled, or manipulated in experiments or models.

Opposite Directions

Refers to two lines or paths that diverge from each other, heading in completely different trajectories.

Positive Correlation

A relationship between two variables where if one variable increases, the other one also increases or if one decreases, the other also decreases.