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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 (Click to select) $1,150,000 $850,000 $800,000 $1,000,000 $1,100,000

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 (Click to select) $1,150,000 $850,000 $800,000 $1,000,000 $1,100,000

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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23 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 v (Click to select) $1,150,000 $850,000 $800,000 $1,000,000 $1,100,000
Transcribed Image Text:23 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 v (Click to select) $1,150,000 $850,000 $800,000 $1,000,000 $1,100,000
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