A small economy starts the year with $1 million in capital. During the course of the year,

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A small economy starts the year with $1 million in capital.

During the course of the year, gross investment is $150,000 and depreciation is $50,000. How big is the economy’s stock of capital at the end of the year? LO7.2

a. $1,150,000.

b. $1,100,000.

c. $1,000,000.

d. $850,000.

e. $800,000.

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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Question Posted: Sep 28, 2024 07:00 AM

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A small economy starts the year with $1 million in capital. During the course of the year,

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Macroeconomics

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