In an economy that experiences no change in its stock of capital:
A. net investment is zero.
B. the consumption of private fixed capital exceeds gross investment.
C. gross investment is zero.
D. no capital goods are being produced.
Answer: A
Economics
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A positive relationship exists between two variables if
A) one variable has "positively" no effect on the other variable. B) a reduction in one variable is associated with an increase in the other variable. C) a reduction in one variable is associated with a decrease in the other variable. D) both variables are inflation-distorted.
Economics
The measure of production that values production using current prices is called
A) nominal GDP. B) value-added GDP. C) real GDP. D) underground GDP.
Economics