AP Economics MCQ Macroeconomics What term represents a decline in the value of an asset over a given time, usually a year?

What term represents a decline in the value of an asset over a given time, usually a year?

Naim 20:15 Macroeconomics

What term represents a decline in the value of an asset over a given time, usually a year?

a. Capital
b. Final good
c. Depreciation
d. Net investment
e. None of the above.

Answer: c. Depreciation

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