Which of the following statements is false?
A)Factors affecting the amount of savings include: levels of income, economic expectations, cyclical influences, and the life stage of the individual saver.
B)Gross savings are the profits remaining after tax, and in the case of corporations, after the payment of cash dividends to stockholders.
C)Voluntary savings are financial assets set aside for use in the future.
D)After the Civil War, the United States enjoyed an autonomous capital formation process.

Question

Quizplus · Accepted Answer

Gross savings refer to the total amount of savings in an economy, including both private and public savings, before any deductions such as taxes or dividends. The statement incorrectly defines gross savings as profits remaining after tax and dividends.

Which of the Following Statements Is False