Capital stock is the number of common and preferred shares that a company is authorized to issue, and is recorded in shareholders' equity. Adam Smith says that capital stock is any stock that if applied, could result in revenue increase.We measure public investment using gross fixed capital formation (GFCF) of the general government (i.e. , central plus subnational governments). Vice President Kamala Harris and former President Donald Trump will pursue very different economic policies if elected president. Develop a simple framework for the proximate causes and the mechanics of economic growth and cross-country income differences. Even though history, economics and common sense exist, presidential hopeful, Kamala Harris, has never heard of any of them. Economics, business, accounting, and related fields often distinguish between quantities that are stocks and those that are flows. (CTC) and various other tax credits and incentives while exempting tips from income tax. In particular, I will discuss a new perspective on growth termed "Modern Supply Side.