The following data are for Econia during 2010. The nominal GDP was $440 billion, the inflation rate was 2%, the nominal interest rate was 6.5%, and the nominal GDP growth rate was 3%. What was Econia's real interest rate during 2010?
A) 3.5%
B) 1%
C) 8.5%
D) 4.5%

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The Answer of The following data are for Econia during 2010. The nominal GDP was $440 billion, the inflation rate was 2%, the nominal interest rate was 6.5%, and the nominal GDP growth rate was 3%. What was Econia's real interest rate during 2010?
A) 3.5%
B) 1%
C) 8.5%
D) 4.5%

The Following Data Are for Econia During 2010