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 capital stock at the end of year equals
A) 3 machines.
B) 6 machines.
C) 1 machine.
D) 2 machines.
Correct Answer:
Verified
Q11: If the economyʹs capital stock increases over
Q12: Net investment equals
A) capital stock minus depreciation.
B)
Q13: Gross investment
A) includes only replacement investment.
B) does
Q14: The total amount spent on new capital
Q15: In January 2010, Timʹs Gyms, Inc. owned
Q17: Which of the following items are considered
Q18: The term ʺcapital,ʺ as used in macroeconomics,
Q19: At the beginning of the year, Tomʹs
Q20: At the beginning of the year, Tomʹs
Q21: U.S. investment is financed from
A) private saving,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents