In 1996, If Nominal GDP Was About $8

question 50

Multiple Choice

In 1996, if nominal GDP was about $8.5 thousand billion.The stock of money was

• A)about the same as this.
• B)much less than this.
• C)much more than this.
• D)unrelated to this number.

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Definitions:

Dividends

Payments made to shareholders out of a corporation's profits.

Subchapter S Corporation

A form of corporation in the United States that meets specific Internal Revenue Code requirements, allowing it to pass income directly to shareholders and avoid double taxation.

Elect

To choose or decide on a particular option or choice, commonly referring to making tax-related selections on a return.

Net Capital Loss

It's the loss incurred when the total capital losses from investments exceed the total capital gains for a year.