Examlex
Which of the following statements is NOT true?
Aggregate Consumption
The total amount of goods and services consumed in an economy over a given period of time.
Consumption Function
A formula that expresses the relationship between total consumption and gross national income.
Standard Deviation
A statistic that measures the dispersion or variability of a dataset relative to its mean, used to quantify the amount of variation or dispersion of a set of values.
Aggregate Income
The total income earned by all factors of production in an economy, including wages, rents, interest, and profits.
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