Which of the Following Statements Is False

question 52

Multiple Choice

Which of the following statements is false?

• A) Two individuals who have the same current income but different permanent incomes are likely to make very similar savings decisions.
• B) An individual with a relatively low current income but a high permanent income might save little or nothing now, expecting to save for retirement and for bequests later.
• C) A person with a relatively low income now with no expectation of higher income later might try to save some now to provide for retirement or bequests later.
• D) A decision to save a certain amount determines how much will be available for future consumption.

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Definitions:

Mean Age

The average age of all individuals in a specific group, calculated by adding their ages together and dividing by the number of individuals.

Null Hypothesis

A statement or idea that posits no statistical significance or effect in a given set of observations, used as a starting point for testing.

Condensed Form

A representation of information or a work that has been shortened or summarized, focusing on essential elements.

Main Ideas

Main ideas refer to the central or most important thoughts or messages conveyed in a text or conversation.