Which of the Following Would Be Considered Physical Capital

question 313

Multiple Choice

Which of the following would be considered physical capital?

• A)the refrigerators at Uncle Bob's restaurant
• B)rivers on which goods are transported
• C)the skills and knowledge of a lawyer
• D)All of the above are correct.

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Definitions:

Final Goods

These are products and services that have been completed and are ready for consumption or use by the end consumer, not to be further processed or resold.

Inventory Goods

Items that a business holds for the ultimate goal of resale or trade, making up an essential part of a company's current assets.

Mexico's GDP

The total market value of all final goods and services produced within the borders of Mexico in a specific time period.

U.S. GDP

The total monetary or market value of all the finished goods and services produced within the United States' borders in a specific time period.