The American Revolution was waged against the colonial governments that had emerged and had been supported by the English

Which of the following statements is FALSE?

A) disposable income - saving = consumption B) consumption + saving = disposable income C) saving = disposable income - consumption D) consumption = saving - disposable income

If the annual interest rate is 4 percent, a consumer who spends $100 today

a. will have to pay back $104 to the bank b. would have to pay $104 next year to get the same goods c. will receive $96 from the bank next year d. would have to pay $96 next year to get the same goods e. is giving up the ability to spend $104 on goods next year