What Is the ROI on an Empty Lot Purchased for $10,000

question 43

Multiple Choice

What is the ROI on an empty lot purchased for $10,000 that is taxed at a rate of $100/year for five years and then sold for $25,000?

• A) 18%
• B) 28%
• C) 38%
• D) 58%

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Definitions:

Poverty

A condition where individuals or communities lack the financial resources and essentials for a minimum standard of living, leading to hardships in daily life.

Petite Bourgeoisie

A social class between the middle class and lower class, often referred to small business owners, tradespeople, and artisans who are self-employed.

Capitalist Societies

Societies where the means of production are privately owned, and goods and services are produced for profit in a market economy.

Intragenerational Mobility

The social movement of individuals within their own lifetime, often measured by changes in income or occupational status.