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Author Question: The Acme Stereo Company had a capital stock of 24 million at the beginning of the year. At the end ... (Read 52 times)

fnuegbu

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on: Jun 29, 2018
The Acme Stereo Company had a capital stock of 24 million at the beginning of the year. At the end of the year, the firm had a capital stock of 20 million. Thus its
 
  A) net investment was some amount but we need more information to determine the amount.
  B) net investment was 4 million for the year.
  C) gross investment was zero.
  D) net investment was -4 million for the year.

Question 2

Which of the following is used to calculate the standard of living?
 
  A) real GDP/population
  B) ((real GDP in the current year - real GDP in previous year)/real GDP in previous year)  100
  C) the one-third rule
  D) real GDP/aggregate hours


dmurph1496

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


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