In 2019, Nadia has $100,000 of regular taxable income. She itemizes her deductions as follows: real property taxes of $1,500, state income taxes of $2,000, and mortgage interest expense of $10,000 (acquisition indebtedness of $200,000).
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Assume an economy with two rms. Firm A produces wheat and rm B produces bread. In a given year, rm A produces 50,000 bushels of wheat, sells 20,000 bushels to rm B at $3 per bushel, exports 25,000 bushels at $3 per bushel, and stores 5,000 bushels
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