Gross investment is the
A. Wearing out of plant and equipment.
B. Consumption of capital in the production process.
C. Alternative combinations of final goods and services that can be produced with all available resources and technology.
D. Total investment expenditure in a given time period.
Answer: D
You might also like to view...
Refer to the table above. The current account balance is
A) -$100 billion. B) -$200 billion. C) $100 billion. D) $1,900 billion. E) $200 billion.
According to the graph, how many board feet of lumber will be imported if imports are allowed into the United States?
a. 1,200,000
b. 500,000
c. 1,000,000
d. 740,000
Which of the following always decreases when output increases?
A) total fixed cost B) marginal cost C) average variable cost D) average fixed cost E) total cost
If the income tax system were indexed, a person whose nominal income went up from $30,000 to $33,000 in a year when the price index rose by 10 percent would pay
A. no increases in nominal income taxes. B. no increases in real income taxes. C. lower taxes in both real and nominal terms. D. higher taxes in both real and nominal terms.