Question on: JAMB Economics - 2019
Let capital formation = CF, Production = P, C = consumption. Then CF =_______
A
P - C
B
P + C
C
PC
D
P/C
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Correct Option: A
The increasing a country's stock of real capital is known as capital formation or capital accumulation.
There must be increase in savings and reduction in consumption of consumer goods i.e consumption must be minus from production.
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