Which of the following is FALSE?
A) Gross national disposable income is less than gross national expenditure, if and only if current account is positive or in surplus.
B) Gross national disposable income is less than gross national expenditure, if and only if current account is negative or in deficit.
C) Savings is greater than investment if and only if current account is positive or in surplus.
D) Savings is less than investment if and only if current account is negative or in deficit.
Correct Answer:
Verified
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