In national income accounting,the value of worn-out or obsolete capital is represented by

Question

Quizplus · Accepted Answer

The value of worn-out or obsolete capital is represented by depreciation, which is a measure of the decline in the value of capital due to use and obsolescence over time. Transfer payments are payments made by the government to individuals, while disposable income is the amount of income households have available for spending or saving after taxes and transfer payments are made. Dividends are payments made by companies to their shareholders.

In National Income Accounting,the Value of Worn-Out or Obsolete Capital