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
Economics
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Differentiate between a public good and a common resource good
Economics
Refer to the graph shown.
The diagram demonstrates that an increase in the price of soda will:
A. raise the quantity demanded of chocolate bars. B. reduce the quantity demanded of soda. C. raise the quantity demanded of soda. D. raise the consumer's available income.
Economics