At the beginning of the year, Tomʹs Tubes had a capital stock of 5 tube inflating machines. During the year, Tom scrapped 2 old machines and purchased 3 new machines. Tomʹs net investment for the year totaled
A) 3 machines.
B) 2 machines.
C) 1 machine.
D) 6 machines.
Correct Answer:
Verified
Q14: The total amount spent on new capital
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Q16: At the beginning of the year, Tomʹs
Q17: Which of the following items are considered
Q18: The term ʺcapital,ʺ as used in macroeconomics,
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Q21: U.S. investment is financed from
A) private saving,
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