What is the best measure of a person's or family's net wealth?
A)The value of their assets
B)The amount of annual income
C)The value of what they own minus the value of what they owe
D)The value of their gross income minus the value of their expenses

Question

Quizplus · Accepted Answer

The best measure of a person's or family's net wealth is the value of what they own minus the value of what they owe. This takes into account all of their assets and liabilities, providing a more accurate picture of their financial situation than just looking at their income or expenses. The value of their assets alone (option A) doesn't take into account any debts or liabilities they may have, while their income and expenses (options B and D) only provide a snapshot of their financial situation at a particular point in time, rather than a comprehensive view of their overall net wealth.

What Is the Best Measure of a Person's or Family's