The consumption of fixed capital is also known as _________.

Correct option is A

The correct answer is (a) depreciation.
The consumption of fixed capital is also known as depreciation. Depreciation refers to the gradual reduction in the value of fixed assets over time due to wear and tear, obsolescence, or aging. It represents the cost of using up the fixed assets in the production process and is an important concept in accounting and economics for understanding the true cost of maintaining productive capacity.
Therefore, the correct answer is (a) depreciation.