A nation's capital stock was valued at $300 billion at the start of the year and $350 billion at the end. Consumption of private 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
C. $75 billion
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Describe the role of the President in the budgetary process prior to 1921 and the President's role in the budgetary process after 1921 . Explain why this change in process might have made sense
What will be an ideal response?
Marginal revenue can become negative for
a. both competitive and monopoly firms. b. competitive firms but not for monopoly firms. c. monopoly firms but not for competitive firms. d. neither competitive nor monopoly firms.
A Giffen good is a good for which
a. a decrease in the price decreases the quantity demanded. b. the income effect outweighs the substitution effect. c. an increase in the price decreases the quantity demanded. d. Both a) and b) are correct.
Macroeconomic issues include all of the following EXCEPT:
A. regulation of natural monopolies. B. inflation. C. economic growth and living standards. D. economic interdependence among nations.