Table 19-19 -Refer to Table 19-19. Given the Information Above, Calculate the Information

question 69

Multiple Choice

Table 19-19

-Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2013.

• A) 114
• B) 105
• C) 95
• D) 87

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Definitions:

State Income Taxes

Taxes imposed on individuals or entities by individual states on the income earned within that state.

Tax-Deferred Savings

Investment accounts, like IRAs and 401(k)s, where contributions and earnings are tax-exempt until withdrawal, typically at retirement.

Flexible Spending Account

A special account you put money into that you use to pay for certain out-of-pocket health care costs, using pre-tax dollars, thus reducing taxable income.

Medical Insurance

A type of insurance coverage that pays for an insured individual's healthcare expenses.