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To determine the change in the capital stock, the level of new investment must be adjusted for depreciation because some new investment is not used
To determine the change in the capital stock, the level of new investment must be adjusted for depreciation because some new investment is not used immediately. merely replaces existing, but worn out, capital. replaces existing workers. is more efficient than existing capital. 
To determine the change in the capital stock, the level of new investment must be adjusted for depreciation because some new investment
is not used immediately.
merely replaces existing, but worn out, capital.
replaces existing workers.
is more efficient than existing capital.
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