How much was gross investment in 1993?

Gross Investment

The total amount spent on new capital assets before accounting for depreciation.

Depreciation

The reduction in the value of an asset over time, often due to wear and tear or the passage of time.

Inventory Investment

The stock of goods or raw materials kept by a business to meet future sales or production needs.

Calculate gross investment by considering expenditures, variations in inventory, and the depreciation value.

Verified Answer

Final Answer :

$77 billion

Learning Objectives

Calculate gross investment by considering expenditures, variations in inventory, and the depreciation value.