Economics · National Income Accounting
Identify the correct statement(s) in the context of National Income Accounting: (i) Depreciation is unexpected obsolescence. (ii) Capital loss is unexpected obsolescence. (iii) Intermediate goods get completely used up or are resold during a given year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both (ii) and (iii)✓
- 2Only (i)
- 3Both (i) and (iii)
- 4Only (ii)
Correct answer
Both (ii) and (iii)
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