An Increase in National Income Could by Caused by Which

question 94

Multiple Choice

An increase in national income could by caused by which of the following?

• A)an increase in depreciation
• B)an increase in personal taxes
• C)a decrease in personal income
• D)an increase in gross domestic product

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Definitions:

Rescind

To cancel, revoke, or repeal a contract, agreement, or offer.

Unsecured Creditors

Creditors who have extended credit without requiring collateral, making their claims less secure in the event of a borrower's bankruptcy.

Bankruptcy Estate

All legal or equitable interests of the debtor in property, both tangible and intangible, at the time of the bankruptcy filing.

Reaffirmation Agreement

A contract in which a debtor agrees to continue paying a dischargeable debt after the bankruptcy process, essentially renewing the debt.