A tax levied on an individual's total lifetime acquisitions from inheritances and gifts is known as
A. inheritance tax.
B. death tax.
C. accessions tax.
D. unified transfer tax.
C. accessions tax.
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Use the information in the table below.Total salesIndustry 1Firm 1$5.3mFirm 2$199,000Firm 3$2.6mFirm 4$850,000What percent of total sales does Firm 1 make up in Industry 1?
A. 89% B. 53% C. 59% D. 25%
In a flexible exchange-rate system, the value of a currency is determined by
A) the government. B) the intersection of the IS and LM curves. C) the demand and supply for the currency in the foreign exchange market. D) Swiss gnomes.
Suppose it is discovered that consumption of butter leads to a longer life. This information would lead to
A) an increase in quantity demanded. B) an increase in demand. C) a decrease in quantity demanded. D) a decrease in demand.
The existence of an underground economy,
a. tends to overstate the actual value of GDP b. tends to accurately portray the value of GDP c. tends to understate the actual value of GDP d. undermines GDP equilibrium e. undermines GDP and national income equilibrium