To avoid double counting when calculating gross domestic product (GDP), it is best to count:
A...
Business, 10.04.2020 17:48 aliyahmuhammad5197
To avoid double counting when calculating gross domestic product (GDP), it is best to count:
A. the value of goods and services produced at every stage of production.
B. the value added at each stage of production.
C. stocks and bonds.
D. all goods and services purchased by consumers, firms, and the government.
E. used goods.
Answers: 1
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On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?
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