A Difficulty Associated with the Land Use and Transportation Relationship

question 5

Multiple Choice

A difficulty associated with the land use and transportation relationship is

• A) Land use agencies have little or no transportation responsibility
• B) The separatism of both types of agencies is reinforced by the different skills and interests of planners and transportation engineers
• C) The independence of local governments
• D) All of the above

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Definitions:

Gross Investment

The total amount spent on purchases of new capital assets and replacement of depreciated assets within a specified period.

Net Investment

The total spending on new capital minus the replacement of depreciated capital, indicating the actual addition to the capital stock in an economy.

GDP Deflator

An economic metric that converts the gross domestic product (GDP) from current market prices into constant dollar terms in order to measure the real growth of an economy, excluding the effect of inflation.

GDP Deflator

An economic measure of inflation that reflects changes in the price level of all goods and services produced domestically, adjusting nominal GDP into real GDP.