Grace has an annual salary of $50,000 while Jorge has an annual salary of $30,000. However, Jorge is actually the “wealthier” person. Explain how this can be the case.
Jorge may possess some investments in terms of landed property and other resources that Grace may not have in her possession
The level of money of an individual doesn't only define how wealthy such a person is.
Being wealthy depends on the money, assets, resources, level of investment an individual possesses.
According to the question, evem though the annual gross pay of Grace is greater than that of George, there is a possibility that Jorge is actually the “wealthier” person.
Jorge may possess some investments in terms of landed property and other assets that Grace may not have in her possession. This explains the reason why this can be the case of Jorge being wealthier than Grace.
Learn more on wealth here; https://brainly.com/question/7158919
