The fraction of capital that wears out every year is known as ________.

Name: The fraction of capital that wears out every year is known as ________.
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Question

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The fraction of capital that wears out every year is referred to as depreciation. Gross investment refers to the total amount of investment made in the economy, while net investment is the difference between gross investment and depreciation. Devaluation refers to the decrease in the value of a currency, and is not related to the wearing out of capital.

The Fraction of Capital That Wears Out Every Year Is