Depreciation of capital refers to the:
A) wearing out of some capital that occurs every year.
B) reduction in the price of new capital.
C) reduced need for capital as workers gain skills.
D) reduced need for physical capital as an economy transfers from production of manufactured goods to services.
Correct Answer:
Verified
Q2: Total savings equals:
A) consumption minus net exports.
B)
Q3: In the circular flow model, what are
Q4: Using the GDP equation to derive national
Q5: What is dissaving?
A) government saving
B) reduction in
Q6: The savings equals investment relationship applies:
A) to
Q8: Countries with higher rates of investment tend
Q9: How do higher savings rates contribute to
Q10: The very small loans that are made
Q11: (Table 1: Macroeconomic Data for Econia)
Q12: What is the difference between investment and
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