If Gross Investment in 2013 Is $200 Billion and Depreciation

question 35

Multiple Choice

If gross investment in 2013 is $200 billion and depreciation in 2013 is $1,000 billion,net investment in 2013 is

• A)-$900 billion.
• B)-$800 billion.
• C)$1,000 billion.
• D)$1,200 billion.

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Definitions:

Gain From Trade

The benefits that parties obtain by exchanging goods or services through voluntary negotiation.

Barrels

A unit of volume measurement used in the oil industry, with one barrel equivalent to 42 U.S. gallons.

Oil

A fossil fuel used primarily for energy production and as a raw material in manufacturing.

Absolute Advantage

Refers to the ability of a country, individual, or firm to produce a good or service more efficiently than competitors, using fewer resources.