The profit earned from selling an asset for more than you paid for it is called
A. capital gains.
B. the real interest rate.
C. depreciation.
D. appreciation.
Answer: A
Economics
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One advantage of using an inflation tax over other methods of tax collection is that:
A) inflation tax only affects individuals with a high income. B) people who evade other taxes also feel the burden of an inflation tax. C) the revenue from inflation tax is extremely high. D) the collection of inflation tax is more organized.
Economics