Wealth refers to the
a. income earned by an individual
b. value of all assets accumulated by an individual
c. total of all income earned by an individual over an entire lifetime
d. value of all physical assets minus financial assets an individual holds
e. total of all money wealth held by an individual
B
Economics
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Discretionary funds are typically used by the Executive Branch and Congress for activist fiscal policies
Indicate whether the statement is true or false
Economics
The Masstricht treaty set the budget ratio to GDP to be ________ in order for countries to qualify to join the Euro area
A) below 3% B) below 4% C) below 5% D) below 6%
Economics