Which of the Following Statements Is False

question 18

Multiple Choice

Which of the following statements is false?

• A)Aggregate income is equal to real GDP.
• B)The consumption function is a linear relationship between consumption and income.
• C)The consumption function shows the relationship between consumption and disposable income.
• D)The consumption function shows the relationship between consumption and real GDP.
• E)The consumption function is a nonlinear relationship between consumption and income.

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Definitions:

Destroyed by Fire

The state of being damaged or annihilated as a result of combustion or intense heat.

Automatically Terminated

refers to a process or condition under which a contract, agreement, or permission ceases to be in effect automatically due to specific conditions being met without the need for manual intervention or notification.

Merchandise

Goods or products that are available for purchase in retail or wholesale markets, often associated with marketing and sales strategies.

Credit Business

A business or practice that involves the provision of credit, loans, or financing to consumers or other businesses.