Wealth
What is net worth?
Net worth = Total Assets - Liabilities
The branch of knowledge concerned with the production, consumption, and transfer of wealth.
Economics
Who were Slaves?
Africans
Average Tax rate
Taxes/Total taxable income
What are assets
Any Asset
Definition of Finance
Maximizing the Wealth of a Company
What is GDP
Gross Domestic Product
What is Africa
Continent
Labor Force
People who have a job
A = L + OE
Balance Sheet
Assets that can appreciate.
Stocks/Bonds
GDP Formula
GDP = C + I + G + (X – M)
Or
GDP = private consumption + gross investment + government investment + government spending + (exports – imports)
What is special about 2019?
400 years ago the first 20 slaves arrived in America in 1619
People who are without work
Unemployment
Income Statement
Revenue - Expenses
Assets that will depreciate
Any asset that will depreciate
Measures each person; in relation to people taken individually?
Per Capita
When was the Cotton Gin invented?
1793
Employed + Unemployed
Labor force
African American Homeowners percentage?
41%
How do you lose money off of your stock?
Selling it for less then what you purchased it for.
What is LLC
Limited Liability Company
What were the first Africans on U.S. soil called?
Indentured servant’s
unemployment rate
Number of unemployed/Labor force
Main source of government funding?
Taxes