Which of the Following Is Correct

question 84

Multiple Choice

Which of the following is correct?

• A)Saving part of your income will increase your net worth.
• B)Increasing your income will increase your net worth.
• C)Reducing junk food expenditures will increase your net worth.
• D)All of the above will increase your net worth.

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Definitions:

Means of Production

The resources—including land, labor, capital, and technology—used to produce goods and services in an economy.

Capital

Wealth in the form of money or assets, used in the production of more wealth.

Depression

An extended period of significant decline in economic activity across an economy, characterized by high unemployment, low consumer spending, and reduced industrial output.

Full Employment

A situation in an economy where all available labor resources are being used in the most economically efficient way, often characterized by the absence of cyclical unemployment.