Multiple Choice

-The table above has information about the CPI, nominal wage rate, and nominal interest rate for the country of Syldavia for the years 2009 to 2011.The reference base year is 2009.The real interest rate in Syldavia during 2011 was
A) 2.8 percent.
B) 5.2 percent.
C) 9.0 percent.
D) 0.6 percent.
E) 8.4 percent.
Correct Answer:
Verified
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