The process by which the stock of equipment and structures available to an economy is increased by investment is referred to as ________.

Question

Quizplus · Accepted Answer

Physical capital accumulation refers to the increase in the stock of equipment and structures available to an economy through investment. Option A, investment growth, is a vague term and does not specify what is being invested in. Option B, output expansion, refers to the increase in the quantity of goods and services produced by an economy and does not specifically address the accumulation of physical capital. Option D, autonomous growth, is not a commonly recognized term in economics and does not relate to the concept of physical capital accumulation.

The Process by Which the Stock of Equipment and Structures