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Per Capita Income, National Income and Contribution to GDP

‘Durable use ...

Question

‘Durable use producer goods’ refers to which of the following?

A

Floating capital

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B

Sunk capital

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C

Circulating capital

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D

Fixed capital

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Solution

The correct option is D
Fixed capital

Prof. Hicks used the term ‘durable use producer goods’ for fixed capital because this type of capital can be used repeatedly for further production of goods.

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