What is the primary difference between income and wealth?

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What is the primary difference between income and

What is the primary difference between income and wealth? Income reveals net worth; wealth is a stock variable. Income is the value of what a household owns minus its debt; wealth is a measure of net worth. Income is a flow variable; wealth is a stock variable. Income is earned by households; wealth is gained by inheritance.

Answer

The correct option is C

Explanation : – A flow variable represents a process that take
place over some time period . Household income is a flow i.e so
many dollars earned per month or per year. A stock variable
measures a quantity at a moment in time. Household wealth – the
total value of what someone owns minus the total owed is a stock
variable.

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