Net Fixed Assets Represent the Difference Between Gross Fixed Assets

question 148

True/False

Net fixed assets represent the difference between gross fixed assets and accumulated depreciation of fixed assets.

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Definitions:

Private Consumptions

refers to the total amount of goods and services consumed by private households.

Total Amount

The sum of all quantities or values in a given context.

Utility Function

A mathematical representation that shows the relationship between an individual's satisfaction and their consumption of different goods and services.

Private Consumptions

Refers to the spending on goods and services by individuals or households rather than by the government or businesses.