Multiple Choice
A nation's capital stock was valued at $300 billion at the start of the year and $350 billion at the end. Consumption of fixed capital in the year was $25 billion. Assuming stable prices, gross
Investment was
A) $25 billion.
B) $50 billion.
C) $75 billion.
D) $90 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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Q7: If real GDP is 50 and nominal
Q8: The concept of net domestic investment refers
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Q12: GDP excludes<br>A) the market value of unpaid
Q13: Suppose nominal GDP was $360 billion in
Q14: If in some year gross investment was
Q15: Transfer payments are<br>A) excluded when calculating GDP
Q16: Real GDP measures<br>A) current output at current