When Looking at the Full Economic Impact of the Terrorist

question 12

Multiple Choice

When looking at the full economic impact of the terrorist attacks, you will find that GDP was

• A)negatively affected by rebuilding costs.
• B)unaffected by rebuilding costs.
• C)positively affected by rebuilding costs.
• D)completely redefined because of the attacks.

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Definitions:

Income Before Taxes

Another term for pretax income, indicating the amount earned by a business before subtracting taxes.

Loss On Sale

Loss on sale occurs when the selling price of an asset is less than its carrying amount or book value, resulting in a financial loss for the seller.