Chapter 17 Investment Glossary ●Business fixed investment(企业因定投资) Equipment and structures that businesses buy for use in future production. ●Residential investment(居民投资) New housing bought by people to live in and by landlords to rent out
Glossary ⚫ Business fixed investment (企业固定投资) Equipment and structures that businesses buy for use in future production. ⚫ Residential investment(居民投资) New housing bought by people to live in and by landlords to rent out. Chapter 17 Investment
●nventory investment(存货投资) The change in the quantity of goods that firms hold in storage,including materials and supplies,work in process (加工中的产品)，and finished goods. Neoclassical model of investment The theory according to which investment depends on the deviation of the marginal product of capital from the cost of capital
⚫ Inventory investment (存货投资) The change in the quantity of goods that firms hold in storage, including materials and supplies, work in process (加工中的产品), and finished goods. ⚫ Neoclassical model of investment The theory according to which investment depends on the deviation of the marginal product of capital from the cost of capital
●Depression A very severe recession ●Cost of capital The amount forgone by holding a unit of capital for one period, including interest,depreciation,and the gain or loss from the change in the price of capital. ●Net investment The amount of investment after the replacement()of depreciated capital(一个时期的投资总额扣除现有资产的折l旧). The change in the capital stock(存量)
⚫ Depression A very severe recession ⚫ Cost of capital The amount forgone by holding a unit of capital for one period, including interest, depreciation, and the gain or loss from the change in the price of capital. ⚫ Net investment The amount of investment after the replacement(扣除)of depreciated capital(一个时期的投资总额扣除现有资产的折旧). The change in the capital stock(存量).
●Corporate income tax The tax levied on the accounting profit of corporations. ●Investment tax credit(投资税减免) A provision()of the corporate income tax that reduces a firm's tax when it buy new capital goods
⚫ Corporate income tax The tax levied on the accounting profit of corporations. ⚫ Investment tax credit(投资税减免) A provision(规定)of the corporate income tax that reduces a firm’s tax when it buy new capital goods
●Stock √1.A variable measured as a quantity at a point in time(存量) √2.Shares(份a额)of ownership in a corporation. ●Stock market A market in which shares of ownership in corporations are bought and sold
⚫ Stock ✓ 1. A variable measured as a quantity at a point in time(存量) ✓ 2. Shares(份额)of ownership in a corporation. ⚫ Stock market A market in which shares of ownership in corporations are bought and sold