In January 2017, Tim's Gyms, Inc.owned machines valued at $1 million.During the year, the market value of the machines fell by 30 percent.During 2017, Tim spent $200,000 on new machines.During 2017, Tim's gross investment was
A) $1 million.
B) $900,000.
C) $100,000.
D) $200,000
E) $300,000.
Correct Answer:
Verified
Q1: Physical capital is
A)the tools, instruments, machines, buildings,
Q2: Net investment equals
A)gross investment minus depreciation.
B)wealth minus
Q4: At the beginning of the year, Tom's
Q5: The change in the value of capital
Q6: The funds used to buy physical capital
Q7: If the economy's capital increases over time,
A)gross
Q8: At the beginning of the year, Tom's
Q9: In January 2017, Tim's Gyms, Inc.owned machines
Q10: The total amount spent on new capital
Q11: In 2017, Tim's Gyms finances the building
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