Focus Question:
1. A microwave was produces by its manufacturer in 2016, sold to a retailer in 2016, & sold to a retailer to a final consumer in 2017. The microwave was.
c.) Counted as investments in 2016.
2. Which of the following is not considered a factor payment?
e.) Transfer Payments.
What are other Formulas that you need to know?
- Net Domestic Product:
- GDP - Depreciation
- Net National Product:
- GNP - Depreciation
- Gross Investment:
- Net Investment + Deprecation
- GNP:
- GDP + Net foreign factor payment.
What is Deprecation?
- It is the loss of value of capital equipment due to normal wear & tear.
What is another word for Depreciation?
- Consumption of fixed capitals.
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