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.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
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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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