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Author Question: Chloe has a 15,000 personal loan at a nominal interest rate of 8 percent. If the inflation rate is 3 ... (Read 118 times)

Diane

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on: Jun 29, 2018
Chloe has a 15,000 personal loan at a nominal interest rate of 8 percent. If the inflation rate is 3 percent, what is the real interest rate paid on the loan?
 
  A) 2.67 percent B) 3 percent C) 8 percent D) 11 percent E) 5 percent

Question 2

According to the new growth theory, ________ is the factor that motivates technological change.
 
  A) diminishing returns
  B) random chance
  C) decisions about how much human capital to acquire
  D) profit
  E) the replication of activities


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morganmarie791

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Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

D


Diane

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Reply 2 on: Jun 29, 2018
Wow, this really help

lkanara2

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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