Question

Which of the following represents human wealth?

Select one:
a.
The present discounted value of expected future after-tax labour income.
b.
Financial wealth minus housing wealth.
c.
The sum of financial and housing wealth.
d.
Total wealth minus housing wealth.
e.
Wealth that cannot be taken from a person, by law.

Answer 1

A. The present discounted value of expected after-tax labour income

It's considered a measure of human wealth because it reflects a person's potential to earn income in the future.