Multiple Choice
What is replacement investment?
A) Investment in additional buildings and equipment to expand the capital beyond the present level.
B) Investment in capital goods that have worn out or become obsolete.
C) The dollar value of worn-out plants and equipment.
D) The total value of all capital goods produced in a year.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: What agency tracks aggregate activity in the
Q3: Which of the following would be classified
Q4: National or aggregate income includes<br>A) profits, rent,
Q5: A corporation is defined as<br>A) a business
Q6: Holding everything else constant, if exports are
Q8: Assume that gross investment is $1.6 trillion
Q9: What is included in employee compensation?<br>A) Wages,
Q10: Gross Domestic Product consists of spending on<br>A)
Q11: A "progressive" tax is<br>A) one that is
Q12: Assume that there is a devastating wildfire