Depreciation is defined as the
A) decrease in the stock of capital due to wear and tear.
B) increase in the stock of capital due to investment by firms.
C) increase in the stock of capital due to wear and tear.
D) decrease in the stock of capital due to investment by firms.
Correct Answer:
Verified
Q48: Gross investment equals net investment plus
A) capital.
B)
Q49: Which of the following are equal to
Q50: Gross investment equals
A) net investment - depreciation
Q51: Choose the best statement.
A) GDP equals aggregate
Q52: Which of the following relationships is CORRECT?
A)
Q54: Which of the following is CORRECT?
A) Aggregate
Q55: Gross domestic product (GDP) is
A) the value
Q56: Gross domestic product can be calculated
A) either
Q57: The circular flow shows that
A) aggregate production
Q58: Total output and total income in the
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