It is " gross " because it makes no allowance for depreciation of capital.
2.
The services rendered and other in-kind expenses are not considered out-of-pocket expenses; the same goes are depreciation of capital goods or depletion.
3.
The American Council for Capital Formation, a business lobbying group, said Congress should look at cutting the corporate income tax rate from 35 percent to 25 percent or allow accelerated depreciation of capital investments.
4.
Where k is capital intensity ( capital per worker ), \ dot { k } is change in capital per worker is that part of output which is not consumed, minus the rate of depreciation of capital.
5.
In a steady state, therefore : s f ( k ) = ( n + d ) k, where " n " is the constant exogenous population growth rate, and " d " is the constant exogenous rate of depreciation of capital.
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