Capital depreciation measures
a. net investment less gross investment
b. the loss of productive ability due to capital intensive production
c. capital that is wasted in the production process
d. the value of existing capital stock used up in the production process
e. the decline in the value of inventories caused by inflation
D
Economics
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The Laffer curve shows a relationship between
A) interest rates and investment spending. B) government spending and real Gross Domestic Product (GDP). C) tax rates and tax revenues. D) the price level and real Gross Domestic Product (GDP).
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