Kaitlyn purchased one share of Northwest Energy stock for $200; one year later she sold that share for $400 . The inflation rate over the year was 50 percent. The tax rate on nominal capital gains is 50 percent. What was the tax on Kaitlyn's capital gain?

a. $50
b. $75
c. $100
d. $200

c

Economics

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Which of the following shifts the demand curve for movies leftward?

A) a decrease in the price of NetFlix, a substitute for movies B) a decrease in the price of movie tickets C) an increase in movie star salaries D) an increase in incomes, assuming movies are a normal good E) an increase in the price of movie tickets

Economics

The present value of a promise to pay $5,000 every year forever when the prevailing interest rate is 10 percent equals

a. $5,000 b. $50,000 c. $100,000 d. $250,000 e. $500,000

Economics