Capital Goods are assets with more than one year of useful life that are used to generate other goods and income. Capital goods and assets as terms apply to the same category of resources but the context defines which one is being used. In the context of economic analysis, capital goods are used to refer to the amount of capital goods purchased and used in the overall economy. Capital assets is a term that is used more commonly in accounting and finance.

3 0

3 years ago

Which of the following is a criticism of the national income and product accounts?

jok3333 [9.3K]

I believe the correct answer among the choices is:

b) They do not capture most nonmarket economic activity

The National Income and Product Accounts or NIPA is one of the main sources of the data on general economic activity in the United States. The greatest drawback to this is that it is only a prediction, it does not really reflect all the acitivities.

4 0

3 years ago

Jessica experienced an increase in her income by 10% this year. In the same year, Jessica's quantity demanded of milk increased

sattari [20]

Answer:

b both milk and bread are normal goods.

Explanation:

Jessica's demand for bread and milk increased as her income increased. This implies that both milk and bread are normal goods.

A normal good is a good for which demand increases as income rises and demand decreases as income falls.

7 0

4 years ago

When countries sell off state-owned enterprises and privatize them, it usually results in a(n)A. continuing drain on future natu

babymother [125]

Answer:

C. increase in modernization by new investors.

Explanation:

Privatization is the transfer of ownership of property or business owned by government to a private entity.

Privatization generates capital to be invested in strategic areas and help to reduce the continuing drain on future natural resources. The new private investors causes economic growth by modernizing the acquired property or business from the government.

5 0

3 years ago