What is the real rate of interest if the nominal rate of interest is 10% and the rate of inflation is 4%?
A) 40%.
B) 14%.
C) 6%.
D) 2.5%.
E) It cannot be determined.
Correct Answer:
Verified
Q77: Assume an economy is producing only one
Q78: Assume an economy is producing only one
Q79: Assume that between 2005 and 2015 the
Q80: Assume that goods X,Y,and Z constitute a
Q81: What is inflation's effect on income?
A)It affects
Q83: In 2017 Robinson's nominal income rose by
Q84: All of the following except one are
Q85: Which of the following people is least
Q86: Which of the following statements is correct
Q87: What is the real rate of interest?
A)It
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents