Question 13
[Maximum number: 1]
What would be included in a measure of wealth?
A
annual income
B
benefits and pensions
C
interest earned on savings
D
savings held in bank accounts
CAIE A-Level Economics 3.3.1 Income vs wealth
Practise separating income flows from wealth stocks, including wages, pensions, savings, property, shares and transfer payments.
How this is tested
- classify wages, pensions, interest, savings and property as income or wealth
- explain why wealth is harder to value when assets are illiquid or market prices vary