If Net Investment in 2017 Is $500 Billion and Gross

question 235

Multiple Choice

If net investment in 2017 is $500 billion and gross investment in 2017 is $900 billion, depreciation in 2017 is

• A) -$500 billion.
• B) $0.
• C) $400 billion.
• D) $1,400 billion.

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Definitions:

Implied Trusts

An imposed legal arrangement created by a court with the notion that parties acted as though a trust existed, despite not formally establishing one.

Courts

Judicial institutions authorized by the government to adjudicate disputes, interpret laws, and administer justice in legal cases.

Totten Trust

A form of revocable trust created by depositing funds in a bank account in the depositor's name as trustee for another, transferring the funds to the beneficiary upon the depositor's death.

Irrevocable

Refers to something that cannot be altered, canceled, or taken back once it has been established or issued.