Depreciation Is

question 14

Multiple Choice

Depreciation is

• A)part of net domestic product at factor cost.
• B)the decrease in the purchasing power of a dollar because of inflation.
• C)fall in the value of an exchange rate.
• D)part of consumption expenditure.
• E)the decrease in the value of capital resulting from its use and obsolescence.

---

Definitions:

Economic Leveling

The process or policy aimed at reducing economic inequalities among various groups in a society by redistributing wealth.

Economic Inequality

The disparate allocation of money, resources, and chances for advancement among different people or communities in a society.

Northeast

A geographical region of the United States that includes states in the upper part of the country, characterized by distinct seasons, a diverse economy, and a dense population.

Rise of the West

typically discusses the historical ascendancy of Western Europe and later North America, in terms of economic, political, and cultural influence globally starting around the 15th century.