Which of the Following Is Not Correct

question 94

Multiple Choice

Which of the following is not correct?

• A)Gross domestic product is both total income in an economy and total expenditures on the economy's output of goods and services.
• B)In a closed economy net exports are zero.
• C)National saving is the sum of private saving and public saving.
• D)Purchases of capital goods are excluded from GDP.

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Definitions:

Geometric Series

An ordered list of numbers where each subsequent number is obtained by multiplying the preceding number by a constant non-zero number known as the ratio.

Infinite

A concept describing something without any limit or end.

Terms

Provisions and requirements detailed in a contract or agreement.

Rational Investor

An individual who makes decisions based on thoughtful consideration of expected outcomes, aiming for the maximization of utility or profit.