Harvey, a u. s. taxpayer, purchased 10 shares of mvc stock for $100 per share; one year later he sold the 10 shares for $130 a share. over the year, the price level increased from 140.0 to 147.0. what is harvey's before-tax real capital gain?

Harvey purchased 10 shares of mvc stock for = $100 per share
one year later he sold the 10 shares for = $130 a share
The price level increased in a year from = 140 to 147
harvey's before-tax real capital gain =
$1,300 - $1,000(1.05) but he is to report a $300 gain on his income tax

Ireally would like to but idk

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.