"Limited liability corporation" is the one among the following choices given in the question that <span>would suit their needs best. The correct option among all the options that are given in the question is the second option or option "B". I hope that this answer has actually come to your help.</span>
Cost-push inflation will reduce supply and lower real output and employment which will eventually generate an "economic recession".
<h3>What is economic recession?</h3>
The National Bureau of Economic Research (NBER) describes a recession as "a large fall in economic activity distributed across the economy, lasting more than a few months."
Some characteristics of economic recession are-
- Recessions are marked drops in economic activity that can endure for several months or even years.
- When a country's economy faces negative gross domestic product (GDP), growing unemployment, declining retail sales, and contraction income and manufacturing metrics over an extended period of time, experts declare a recession.
- Recessions are regarded as an inevitable component of the economic cycle, or the predictable rhythm of expansion and recession in a country's economy.
- The organisation bases its decision on a variety of variables, such as GDP, real income, employment, industrial production, and consumer spending.
To know more about economic recession, here
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Answer:
He can include $16,000 in his gross income.
Explanation:
As the life insurance policy was transferred for some valuable consideration so the amount of valuable consideration will be deducted from the insurance proceeds.
Also premium paid by the transferee will be deducted from proceeds.
Now as the transferee received $25,000 from insuarance company.
So Tylor can include $25,000 less $7,500 less $1,500 in his gross income.
He can include $16,000 in his gross income.
