Phantom capital gains occur when _____
a. an asset increases in real terms, but not in nominal terms
b. an asset is constant in real terms, but increases in nominal terms
c. an asset decreases in real terms and decreases in nominal terms
d. an asset is purchased to be used upon an individual's death
b
Economics
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A financial account surplus necessarily implies
A) a balance of payments surplus. B) a current account surplus. C) a current account deficit. D) an increase in the nation's official reserve assets.
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The tax revenue that is generated by a government tax is counted towards total welfare
Indicate whether the statement is true or false
Economics