ECON 1010 : chapter 23.doc

• School: York University
• Department: Economics
• Course: ECON 1010
• Professor: Steven Edwards

Document Summary

Economics: canada in the global environment, 7e (parkin) Aacsb: reflective thinking: gross investment, is the total amount spent on new capital, includes only replacement investment, equals wealth minus saving, equals saving minus wealth, is the change in the value of capital. Aacsb: reflective thinking: the total amount spent on new capital is, wealth, gross investment, depreciation, net investment, saving. 2010 pearson education canada: in january 2008, tim"s gyms, inc. owned machines valued at million. During the year, the market value of the machines fell by 30 percent. During 2008, tim"s gross investment was: million, ,000, ,000, ,000, ,000. Aacsb: analytical skills: net investment equals, capital minus depreciation, gross investment minus depreciation, the total quantity of plant, equipment, and buildings, gross investment/depreciation, wealth minus saving. Aacsb: reflective thinking: the increase in the value of capital is, gross investment, depreciation, net investment, private sector spending, wealth.