alleryThe fall in the value of fixed capital due to normal wear and tear is called:
Adepreciation
Bnet investment
Cappreciation
Dinflation
Answer & Solution
Correct answer: A. depreciation
Depreciation is the loss in fixed capital value from wear and tear.
Keep practising Macroeconomics: Income, Budget & Banking
Browse all Macroeconomics: Income, Budget & Banking questions for AP Intermediate 2nd Year, or explore more Economics topics.
Related questions
Gross National Product (GNP) equals GDP plus:True or false about moneyMatch the national income termExpenditure that neither creates assets nor reduces liabilities of the government is:Spot the odd one outA tax whose burden can be shifted to another person, like the Goods and Services Tax, is aThe excess of revenue expenditure over revenue receipts is the:The redistribution function of the budget mainly aims at: