(i) What is meant by depreciation?
(ii) What is meant by the monetary value of money?
(iii) Find the average propensity to consume (APC)if the national income is rupees 3 crores and consumption expenditure is rupees 5 crores.
(iv) Find the value of a multiplier if increase in autonomous investment of rupees10 crores in an economy results in increase in income by rupees 50crores?
(v) How can industrial growth increase employment opportunities?
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Definition: The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation. ... Opposite of depreciation is appreciation which is increase in the value of an asset over a period of time.
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