Which of the following best describes the economy's stock of equipment and structures?

Question

Quizplus · Accepted Answer

The stock of equipment and structures represents the economy's capital, which is a factor of production. Choice B, aggregate demand, refers to the total demand for goods and services in the economy, while choice C, long-term inventory, refers to the stock of goods that are expected to last longer than a year. Choice D, aggregate stock, is not a commonly used economic term.

Which of the Following Best Describes the Economy's Stock of Equipment