Income and wealth/graphs

Question 1

Income:

Answer 1

refers to the money that an individual receives in exchange for working or making other resources available for productive purposes

Question 2

Wealth

Answer 2

refers to the value of all the assets owned by an individual that have the ability to earn an income in the future

Question 3

Income example

Answer 3

Amount of money in ones bank account

Question 4

Wealth example

Answer 4

Expensive house, Expensive clothes

Question 5

trough

Answer 5

lowest point of GDP displayed on a graph