ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the quantity and quality of material goods and services available to a given population.
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the amount of money needed to cover basic expenses (housing, food, taxes, etc) in a certain place and time period.
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Either A or B
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None of the above
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Detailed explanation-1: -Cost of living in Argentina is, on average, 56.7% lower than in United States. Rent in Argentina is, on average, 85.2% lower than in United States.
Detailed explanation-2: -Residents and non-residents are taxed at progressive income tax rates ranging from 5% to 35%; however, special tax rates are applicable in case of gains derived from securities (including dividends), interest, and real state property.
Detailed explanation-3: -There is no federal real property tax or automobile duty in Argentina. Property taxes fall within the authority of the provinces. Federal property taxes are included in the wealth tax. Real estate tax is levied on the ownership of real estate properties in each jurisdiction.
Detailed explanation-4: -$1000 a month will be enough for expenses and rent (long-term) in Buenos Aires. Cities like Mendoza and Salta are cheaper than Buenos Aires.” As in many countries, living in the biggest city is going to cost you more than living in the countryside.