Which of the following is the definition of the pce index?
a. a statistical measure of average prices using annually updated weights based on surveys of consumer spending.
b. a statistical measure of a weighted average of prices of goods and services that firms produce and sell.
c. a broad price index measuring the changes in prices of all new goods and services produced.
d. a weighted average of of prices of a market basket of goods and services purchased by typical urban consumers.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

i guess you could put raise the economic balance