In Chapter 11, depreciation is assumed to be

A) a fixed proportion of real GDP.
B) a fixed proportion of the capital stock.
C) a fixed absolute amount.
D) zero.
E) a fixed proportion of the capital-labor ratio.

B

Economics

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After World War II, many currencies were:

A) losing value because of the war's devastation. B) still on the gold standard. C) suffering from high inflation. D) pegged to the U.S. dollar.

Economics

One reason why soda companies are so fervently against this tax might be because they assume sellers will pay the entire tax. Sellers will pay the entire tax if

A) demand is perfectly inelastic. B) the price elasticity of demand is between zero and 1. C) demand is unit elastic. D) demand is perfectly elastic.

Economics