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 was able to generate sufficient capital to finance its expansion.

Question

Quizplus · Accepted Answer

Gross savings refer to the total amount of savings made by an economy before any deductions, not just the profits remaining after tax and dividend payments. This definition encompasses more than just corporate profits, including personal savings and government surplus.

Which of the Following Statements Is False