During This Year,nominal GDP in Syldavia Was $720 Billion and Real

question 66

Multiple Choice

During this year,nominal GDP in Syldavia was $720 billion and real GDP was $720 billion.The GDP price index in Syldavia in this year was

• A)0,because nominal GDP equalled real GDP.
• B)-1.
• C)720.
• D)720 billion.
• E)100.

---

Definitions:

Tax-Free

Earnings, income, or transactions that are not subject to tax by the government.

Incorporation

The process of legally constituting a company or corporation, offering protection to owners from personal liability for the company's debts and obligations.

Capital Loss Carryforward

A provision allowing taxpayers to use a net capital loss in one year to offset a net capital gain in future years, subject to limitations.

Capital Loss Carryback

Capital Loss Carryback is a tax provision allowing taxpayers to apply a net capital loss to past tax years’ returns to receive a tax refund for taxes previously paid on capital gains.