Which of the Following Would Not Be Considered Physical Capital

question 57

Multiple Choice

Which of the following would not be considered physical capital?
Which of the following would not be considered physical capital?

• A) Construction of a new factory
• B) A desk used in an accountant's office
• C) A new computer used in a restaurant
• D) On-the-job training
• E) All of the above are considered physical capital

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Definitions:

Budget Surplus

A financial situation where a government's income exceeds its expenditures over a given period.

Long-Run Growth

The sustained upward trajectory in the economy's output over time, reflecting long-term increases in productivity and capacity.

Closed Economy

A closed economy is one that does not engage in international trade of goods and services, nor does it allow for capital flows from abroad.

Households Or Invested

The concept of how households either consume goods and services for their own use or allocate savings into investments.