Which of the following is FALSE about saving?
A) Saving adds to wealth.
B) Income left after paying taxes can either be consumed or saved.
C) Saving equals wealth minus consumption expenditures.
D) Saving is the source of funds used to finance investment.
C
You might also like to view...
The diagram above illustrates the market for apartments in Victoria, British Columbia
a) If the current rent is $300 per month, is there a shortage or surplus in the apartment market and how much is the shortage or surplus? b) What is the equilibrium rent and quantity of apartments?
The higher the interest rates
a. the more value individuals place on future dollars b. the more value individuals place on current dollars c. individuals do not place any importance on either current or future dollars d. does not affect the investment strategy
The economic goals about which there is a substantial agreement include all of the following except:
A. a low rate of inflation. B. a high level of employment. C. a large trade surplus. D. a high rate of economic growth.
Growth on a year-to-year basis is called long-term growth.
Answer the following statement true (T) or false (F)