Classify the various categories of 'gross private domestic investment'.
Explain what is meant by each briefly. (The Prof. said, " I am not referring to 'net investment' and 'depreciation' when I say various categories.)
GDP, depreciation and net investment - If gross investment is not large enough to replace the capital that depreciates in a particular year, is net investment greater or less than zero and what happens to our production possibilities?
Economics: GDP, GNP, net exports - DATA ARE IN TRILLIONS OF DOLLARS
Personal consumption expenditures $3.0
Net private domestic investment 1.4
Depreciation 0.2
Government purchases of goods and services 2.0
Exports 0.5
Impo ...
The term - Carefully explain the difference between the term "investment" as used by economists and the way it is used in everyday life. Use this to explain the major components of investment in the GDP accounts ...