In 1933,net investment was -$5.8 billion.This meant that:
A) gross investment exceeded depreciation by $5.8 billion
B) the economy's capital stock was expanding that year
C) the production of 1933's GDP used up more capital goods than were produced in that year
D) the economy produced no capital goods at all in 1933
E) the economy produced a negative amount of capital goods in 1933
Correct Answer:
Verified
Q13: GDP may be defined as:
A)the monetary value
Q14: Suppose that the total market value of
Q15: By adding up the dollar value of
Q16: GDP includes:
A)neither intermediate nor final products
B)both intermediate
Q17: "Value added" refers to:
A)any increase in GDP
Q19: If depreciation exceeds gross investment,it can be
Q20: GDP can be calculated by adding:
A)consumption, gross
Q21: In the treatment of Canadian exports and
Q22: GDP tends to:
A)overstate economic well-being, because it
Q23: Gross investment refers to:
A)depreciation minus net investment
B)net
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