The Profit Earned from Selling an Asset for More Than

question 134

Multiple Choice

The profit earned from selling an asset for more than you paid for it is called

• A)capital gains.
• B)the real interest rate.
• C)depreciation.
• D)appreciation.

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Definitions:

Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specific time period, serving as a measure of economic performance.

Proportion

The relationship between parts and the whole, often expressed as a ratio or fraction, indicating the relative size or importance of elements within a context.

Services Sector

Part of the economy that provides intangible goods or services to consumers, including sectors like healthcare, education, and financial services.

Intangibility

A characteristic of services indicating they cannot be seen, touched, or physically measured, making their quality and customer satisfaction more subjective.