Multiple Choice
Which of the following statements is false?
A) Capital income is made up of profits, rental payments, and interest payments.
B) Labor income is made up of wages, salaries, and fringe benefits.
C) For purposes of measuring GDP, only net investment is counted.
D) Labor income is greater than half of GDP.
E) Net investment is the difference between gross investment and depreciation.
Correct Answer:
Verified
Correct Answer:
Verified
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