If between when you purchase an asset and sell it, the general price level and the price of the asset both double, then you have realised a:
A)capital gain
B)real gain
C)capital loss
D)real loss

Question

Quizplus · Accepted Answer

A capital gain is realized when the price of an asset increases between the time of purchase and the time of sale. In this case, both the general price level and the price of the asset doubled, resulting in a capital gain for the seller.

If Between When You Purchase an Asset and Sell It