In 1933 Net Investment Was Minus $208 Million

question 141

Multiple Choice

In 1933 net investment was minus $208 million.This meant that:

• A)gross investment exceeded depreciation by $208 million.
• B)the economy was expanding in that year.
• C)the production of 1933's GDP used up more capital goods than were produced in that year.
• D)the economy produced no capital goods at all in 1933.

Understand the role of literature and intellectual thought in critiquing and proposing solutions to societal issues.

Examine the evolution of citizenship and legal rights, particularly for minority groups and Native Americans.

Analyze the dynamics of wage labor, political elections, and the changing workforce in the context of the Gilded Age.

Understand the geographical political divisions in the United States post-Civil War.

---

Definitions:

Current Cost

The price that would be paid for goods or services if purchased in the current market, as opposed to historical cost.

User Cost

The cost of using a durable good or asset, which includes depreciation, interest lost on funds used to buy the asset, and maintenance costs.

Nonrenewable Resources

Natural resources that cannot be replenished within a human lifetime, such as fossil fuels or minerals.

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.