In general,during any given year:
A) GDP in the United States will exceed wealth in the United States.
B) wealth in the United States will exceed GDP in the United States.
C) U.S.wealth and U.S.GDP will be approximately equal.
D) U.S.wealth and U.S.GDP will be unrelated.

Question

Quizplus · Accepted Answer

Wealth in the United States typically exceeds GDP because wealth includes the accumulation of all assets owned by individuals, businesses, and the government over time, whereas GDP measures the value of all goods and services produced within a country in a specific year. Wealth is a stock variable, reflecting the accumulation of assets, while GDP is a flow variable, indicating economic activity over a period.

In General,during Any Given Year