Which of the following equals the change in an economy's capital stock from one period to the next?
A) wealth
B) stock
C) gross investment
D) depreciation
E) net investment
E
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Which of the following will cause a movement upward along a supply curve?
a. Increases in raw-material costs. b. Increases in labor costs. c. Increases in the cost of machinery. d. Increases in the market price of a good, other things being equal.
Considering capital, marginal factor cost is defined as the
a. extra output produced by employing one more unit of capital (or loanable funds) b. extra total cost attributed to employing one more unit of capital (or loanable funds) c. contribution of capital (or loanable funds) to the final product d. change in capital (or loanable funds) required to produce one more unit of output e. change in total revenue contributed by an extra unit of capital (or loanable funds)