Which of the following statements is false? O a) Purchases of capital goods are called investment Ob) GDP equals the total value of wages received by households. O c) In a simple economy with just households and firms, the value of investment equals the value of saving. O d) In a simple economy with just households and firms, the value of investment plus consumers' expenditure equals GDP.
Which of the following statements is false? O a) Purchases of capital goods are called investment Ob) GDP equals the total value of wages received by households. O c) In a simple economy with just households and firms, the value of investment equals the value of saving. O d) In a simple economy with just households and firms, the value of investment plus consumers' expenditure equals GDP.
Chapter1: Making Economics Decisions
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![Which of the following statements is false?
O a) Purchases of capital goods are called investment
Ob) GDP equals the total value of wages received by households.
O c) In a simple economy with just households and firms, the value of investment equals
the value of saving.
O d) In a simple economy with just households and firms, the value of investment plus
consumers' expenditure equals GDP.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc41f8bba-1d94-4f4b-8033-84ef035d38d8%2Fd498f600-d276-4211-825b-ee134d961c5a%2Fu2tlsaa_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following statements is false?
O a) Purchases of capital goods are called investment
Ob) GDP equals the total value of wages received by households.
O c) In a simple economy with just households and firms, the value of investment equals
the value of saving.
O d) In a simple economy with just households and firms, the value of investment plus
consumers' expenditure equals GDP.
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