Which of the following statements is false?

A) When income levels are very low,C is higher than income.
B) When income is equal to consumption,saving is zero.
C) Induced consumption expenditures represent consumption that is independent of income.
D) The average propensity to save is positive at very high levels of income.

Induced Consumption

Describes consumer spending that increases when income increases and decreases when income decreases, directly related to the level of disposable income.

Average Propensity

The proportion of total income or revenue that is spent on a certain category of expenditures or savings.

Save

The process of setting aside a portion of current income for future use or investment.