Ayushi posted an Question
August 11, 2020 • 22:37 pm 30 points
  • UGC NET
  • Economics

63. which of the following is excluded from the calcutation of gp? (1) a consumer purchases a mobile set from a store (2) a company produces a mobile set in a g

63. Which of the following is excluded from the calcutation of GP? (1) A consumer purchases a mobile set from a store (2) A company produces a mobile set in a given year but it is not sold in that year (3) A businessman purchases new furniture for his office (4 A household pays income tax in a given year (1) (2) (3) (4 64. The Phillips curve under the assumption of rational expectations is (1 downward sloping in short run, vertical in long run (2) always downward sloping (3) always vertical 4) T1one of the above

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  • Anonymous User

    as income tax is personal expense not companies expense

  • Anonymous User best-answer

    Gross profit = Revenue - Cost of Goods Sold (4) A household pays income tax in a given year

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