Gary bought a cottage in 1977 for $45,000. When he died in 2001, the cottage was worth $250,000. In his will, he left the cottage in a trust to his daughter Beth, with the provision that she could receive full title after 10 years.
After 10 years, the cottage was worth $390,000. Barb held onto the cottage for 11 years and then sold it for $470,000.
If the cottage is not her principal residence, what is her taxable capital gain in the year she sells it?

$52,500

Explanation: property worth when Beth recieved it $250,000

After 10years the property was worth $390,000 ( when she could receive full title)

Beth held own for 11years before selling it off at $470,000

Cost inflation index = index for financial year 2010-11 / index for financial year 2001-02

CII = 167/100 = 1.67

Index cost of purchase = CII × purchase price

1.67 × $250,000

= $417,500

Capital gain = selling price - index cost

= $470,000 - $417,000

= $52500

the answer is     d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.