In an economy that has stationary production capacity:
A. GDP is zero
B. Capital consumption (or depreciation) is zero
C. Net investment is zero
D. Gross investment is zero
C. Net investment is zero
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Discuss what you believe might be one of the disadvantages of using the Gini coefficient
What will be an ideal response?
Which of the following is an example of outsourcing?
a. When production of economics textbooks, management textbooks, and finance textbooks can be done by a single publishing company at lower average cost than by separate publishing companies that specialize in just one topic. b. When a firm produces 600,000 units per month to realize the minimum average cost of producing a unit of output. c. When a firm finds that it is more profitable to contract for certain inputs or functions supplied by others than to produce those inputs or functions itself. d. When a steel company integrates backward to mine iron ore and even the coal used to smelt iron ore.