Multiple Choice
A nation's capital stock was valued at $500 billion at the start of the year and $575 billion at the end.Consumption of private fixed capital in the year was $35 billion.Assuming stable prices, net investment was
A) $35 billion.
B) $40 billion.
C) $45 billion.
D) $75 billion.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: The total income earned through the use
Q6: The GDP deflator or price index equals<br>A)gross
Q7: The following are incomes earned but not
Q8: GDP is the<br>A)national income minus all nonincome
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Q11: The GDP tends to<br>A)overstate economic welfare because
Q12: The purchase of Wal-Mart stock is a
Q13: GDP tends to underestimate the productive activity
Q15: Disposable income (DI) includes transfer payments like
Q237: When gross investment is positive, net investment<br>A)