14 Calculate UK depreciation and net investment during 2011. The Office for National Statistics reported that the

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14 Calculate UK depreciation and net investment during 2011. The Office for National Statistics reported that the UK capital stock was £5,014 billion at the end of 2011, £4,982 billion at the end of 2010 and £4,908.6 billion at the end of 2009.

Depreciation in 2010 was £152 billion, and gross investment during 2011 was £198 billion (all in 2006 pounds).

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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