In 1933, Net Private Domestic Investment Was a Minus $6

question 31

Multiple Choice

In 1933, net private domestic investment was a minus $6.0 billion.This means that

• A)gross private domestic investment exceeded depreciation by $6.0 billion.
• B)the economy was expanding in that year.
• C)the production of 1933's GDP used up more capital goods than were produced in that year.
• D)the economy produced no capital goods at all in 1933.

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Definitions:

Right of Survivorship

A legal principle in joint ownership where the surviving owner(s) automatically inherit the share of a deceased owner.

Executor

An individual appointed in a will to manage the deceased's estate, responsible for settling debts and distributing assets to beneficiaries.

Per Capita

A distribution of property in which each member of a group shares equally.

Predecease

To die before another person, often used in the context of wills and inheritances.