Using the income approach, an estimate of the value of capital worn out producing GDP is:
a. indirect business taxes.
b. capital consumption allowance or depreciation.
c. gross private domestic investment.
d. capital erosion estimate.
b
You might also like to view...
Investment spending is procyclical. In the short run, are changes in investment affected more by changes in the expected marginal product of capital, or by changes in the user cost of capital?
What will be an ideal response?
During the rapid urbanization and industrialization between 1815 and 1859, there were no economic depressions.
Indicate whether the statement is true or false
National health insurance programs:
A. are usually too costly for developing nations to implement. B. can increase use of health clinics versus traditional village doctors, who often have no medical training. C. are always less efficient than privatized programs. D. have solved the problem of providing high-quality care in places like India.
A television station reports that the price of orange juice has declined but the quantity traded has increased. This situation could be caused by a(n):
A. Increased preference for orange juice among buyers B. Significant decrease in the harvest of oranges in the nation's orchards C. Improvement in the technology of producing orange juice D. Decrease in income, and orange juice is a normal good