« previous next »

Author Question: Describe the difference between income and wealth. Why is this distinction important in the study of ... (Read 48 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: Jul 1, 2018
Describe the difference between income and wealth. Why is this distinction important in the study of social stratification?
 
  What will be an ideal response?

Question 2

____ refers to the annual increase or decrease per 1,000 members of the population as a result of people leaving and entering the geographic area.
 
  a. Population distribution ratio
  b. Net migration rate
  c. Gross migration rate
  d. Gross morbidity rate
  e. Demographic transition rate


chevyboi1976

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

Income is the amount of money received within a given time period by an individual or group. Wealth is the total of all economic resources owned by an individual or group. The distinction is that income is a measure of current monetary inflows, while wealth includes the accumulation of all previous savings. It is theoretically possible for someone to have vast amounts of wealth without any income; conversely, a person can have high income, yet have no wealth. These concepts are important to the study of social stratification because they both contribute to differences in social classes.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

It is important to ask patients what other health care providers they are seeing, such as the dentis It is important to ask patients what other health care providers they are seeing, such as the dentis
The following terms describe types of body movement that occur at the diarthrotic joints The following terms describe types of body movement that occur at the diarthrotic joints
The areas in which reading-associated increases in activity were observed in the fMRI study of ... The areas in which reading-associated increases in activity were observed in the fMRI study of ...
Hydrolysis reactions for some biochemically important phosphate compounds (part 1) Hydrolysis reactions for some biochemically important phosphate compounds (part 1)
The Prison Study The Prison Study
A GWAS study for Type 2 diabetes revealed 386,371 genetic markers, clustered here by chromosome numb A GWAS study for Type 2 diabetes revealed 386,371 genetic markers, clustered here by chromosome numb
Video: Cavernous Sinus Larynx Middle Ear Orbit: Granulesm Animation

For a complete list of videos, visit our video library