Examlex
Which of the following terms regarding subjective interpretation is incorrect?
Disposable Income
Funds available to households for saving and spending once income taxes are deducted.
APC
Average Propensity to Consume, which is the fraction of income spent on consumption.
Gross Investment
The total amount of capital expenditure a company spends on maintaining and increasing the scope of its operations.
Net Investment
The total spending on new fixed investment minus depreciation on existing physical assets.
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