In National Income Accounting,the Value of Worn-Out or Obsolete Capital

question 44

Multiple Choice

In national income accounting,the value of worn-out or obsolete capital is represented by

• A) depreciation.
• B) transfer payments.
• C) disposable income.
• D) dividends.

---

Definitions:

Outsourcing

The practice of having certain job functions or tasks performed by external entities or individuals, typically to reduce costs or improve efficiency.

Complexity

Refers to the state of having multiple interconnected parts, making a system or problem challenging to understand, predict, or control.

Disparate Subcomponents

Diverse and different parts or elements that together make up a complex system.

Condition of Uncertainty

A situation where the outcomes of decisions or events cannot be accurately predicted or are unknown.