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What does depreciation mean in the national income context?
A
Depreciation is the fall in capital stock value as capital wears out or becomes obsolete.
B
Investment is the fall in capital stock value as capital wears out or becomes obsolete.
C
Capital formation is the fall in capital stock value as capital wears out or becomes obsolete.
D
Appreciation is the fall in capital stock value as capital wears out or becomes obsolete.
Card 1 of 20
4.1.4 adjustment of measures from gross values to net values Flashcards
20 flashcards on CIE Intl A Level Economics 4.1.4 adjustment of measures from gross values to net values: the key terms and definitions you need to recall.