In 2007, France's GDP totaled $1.9 trillion and in 2006 GDP was $1.8 trillion. The total amount spent on new capital in 2007 was $357 billion and in 2006 was $335 billion. Suppose that depreciation is 12 percent of GDP. ________ investment in 2006 was ________ billion.
A) Gross; $357
B) Gross; $216
C) Gross; $335
D) Net; $216

Question

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The Answer of In 2007, France's GDP totaled $1.9 trillion and in 2006 GDP was $1.8 trillion. The total amount spent on new capital in 2007 was $357 billion and in 2006 was $335 billion. Suppose that depreciation is 12 percent of GDP. ________ investment in 2006 was ________ billion.
A) Gross; $357
B) Gross; $216
C) Gross; $335
D) Net; $216

In 2007, France's GDP Totaled $1