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Your friends and you notice a neighbor who always has brand new clothes, shoes, and electronics. What would you need to know in order to tell if this neighbor is actually wealthy?



Answer :

GinnyAnswer

Final answer:

To assess a neighbor's wealth, consider their assets, income levels, and lifestyle compared to wealth indicators in the community.


Explanation:

Factors to Determine Wealth

In order to determine if a neighbor is truly wealthy based on their possessions, one would need to consider various factors:

  1. Assets: Assess if they own valuable assets like property, stocks, or businesses.
  2. Income: Look at their income sources and levels to gauge their financial status.
  3. Comparisons: Compare their lifestyle with common indicators of wealth in the community.

Learn more about Wealth Determination Factors here:

https://brainly.com/question/40184969


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