The development of an economic hypothesis throu... - JAMB Economics 2023 Question
The development of an economic hypothesis through intuition, insight, or logic is associated with
A
Deduction
B
Policy economics
C
Normative economics
D
Induction
correct option: c
In macroeconomics, the term 'investment' refers to the total amount of capital goods in a country. Capital goods are assets used in the production of goods and services, such as machinery, factories, and infrastructure. It does not specifically refer to immediate consumption or profits, nor is it solely about the total amount of money invested in bonds and stocks.
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