If a Positive Change in Gross Fixed Assets Is Greater

question 111

True/False

If a positive change in gross fixed assets is greater than the change in accumulated depreciation for a particular year,net fixed assets increase and this constitutes a source of funds.

---

Definitions:

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from the production and consumption of goods and services.

Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices and quantities.

Positively Sloped

A line or curve on a graph that moves upward and to the right, indicating a direct relationship between two variables.

Negatively Sloped

Describes a line on a graph that moves downward from left to right, indicating an inverse relationship between two variables.