Economics (AS & A Level) · Feb / March 2025 · Paper 12 · Question 14
9708Addressing income and wealth inequality
Why is it more difficult to quantify the wealth of an individual rather than their income?
- AA skilled artist may keep a painting in stock whose value increases after their death.
- BIndividuals can choose to spend all available income, leaving wealth unchanged.
- CNot every form of individual wealth can be traded for money in a market.
- DWealth is a stock which cannot be broken down into an individual's different assets.
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Correct answer: C. Not every form of individual wealth can be traded for money in a market.
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