An economys capital stock was $46.3 trillion at the end of 2010, $46.6 trillion at the end
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An economy’s capital stock was $46.3 trillion at the end of 2010, $46.6 trillion at the end of 2011, and $47.0 trillion at the end of 2012. Depreciation in 2011 was $2.4 trillion, and gross investment during 2011 was $2.8 trillion (all in 2007 dollars).
Calculate depreciation and net investment during 2012.
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Net investment equals the change in the value of cap...View the full answer
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Related Book For
Macroeconomics Canada In The Global Environment
ISBN: 9780321931207
9th Edition
Authors: Michael Parkin, Robin Bade
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