At the beginning of the year,Tom's Tubes had a capital stock of 5 tube-inflating machines.During the year,Tom scrapped 2 old machines and purchased 3 new machines.Tom's net investment for the year totaled
A) 1 machine.
B) 2 machines.
C) 3 machines.
D) 6 machines.
E) 5 machines
Correct Answer:
Verified
Q3: At the beginning of the year, your
Q7: Capital stock increases when
A)gross investment exceeds net
Q8: In January 2011,Tim's Gyms,Inc.owned machines valued at
Q11: The total amount spent on new capital
Q12: This year Pizza Hut spent $1.3 billion
Q13: Which of the following is FALSE about
Q14: Gross investment
A)is the total amount spent on
Q15: Net investment equals
A)capital minus depreciation.
B)gross investment minus
Q17: At the beginning of the year,Tom's Tubes
Q20: If the economy's capital decreases over time,
A)net
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