Asked by Shannon Flynn on Jun 29, 2024
Verified
Between 2006 and 2009 gross private investment.
A) increased only slightly.
B) decreased by about 2/3.
C) stayed about the same
D) decreased by 20 percent
Gross Private Investment
The total amount of private sector spending on the acquisition of capital goods and additions to inventories.
Increased
A situation or condition where there is a rise or growth in quantity, size, number, or some other measure.
Decreased
A reduction or decline in value, amount, quality, or intensity.
- Recognize the components and fluctuation patterns of gross private investment.
- Identify historical economic trends and their impact on investment.
Verified Answer
AA
Ayomide AkinfolarinJul 05, 2024
Final Answer :
B
Explanation :
Between 2006 and 2009, the period was marked by the Great Recession, which led to a significant decrease in gross private investment by about 2/3 as businesses cut back on spending due to economic uncertainty and reduced demand.
Learning Objectives
- Recognize the components and fluctuation patterns of gross private investment.
- Identify historical economic trends and their impact on investment.