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:

Monthly Interest

Interest calculated or paid every month, often in context of loans or savings accounts, where the interest can be a source of income or a fee.

Invested

Invested pertains to the allocation of resources, usually money, into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit.

Interest Rate

The percentage at which interest is charged on a loan or paid on savings.

Guaranteed Investment

An investment product that promises a certain return or protects the principal amount.