A Taxpayer Who Borrows Money Will Include That Amount Borrowed

question 129

True/False

A taxpayer who borrows money will include that amount borrowed in their gross income under the all-inclusive definition of income.

---

Definitions:

Disinflation

A decrease in the rate of inflation, indicating a slowdown in the increase of prices over time.

Inflation Rate

The percentage increase in the general level of prices for goods and services in an economy over a period of time, typically measured annually.

Average Level

A mean or typical value obtained by dividing the total of all observed values of a variable by the number of observations.

Discouraged Workers

Individuals who are not actively seeking employment due to believing that no jobs are available for them or there are no jobs for which they would qualify.