People consuming their income rather than saving-investing

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Economic growth completely depends on people consuming their income rather than saving and investing.

True

False

Which of the following is not part of National Income?

A. Employee compensation.

B. Interest.

C. Rent.

D. All are components of National Income

Because patents provide strong incentives to develop new technologies, they tend to help to increase economic growth.

True

False

Increasing returns to scale exist when doubling all inputs less than doubles output.

True

False

Reference no: EM13796400

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