If the inflation rate is 5 percent and the real interest rate is 2.5 percent, then the nominal interest rate is
A) 10 percent. B) -2.5 percent. C) 2.5 percent. D) 7.5 percent. E) 2 percent.
Question 2
An example of the outlet substitution bias in the calculation of the CPI is a price increase in
A) a trip to Mexico for a couple that had previously taken vacations in Europe.
B) a 2014 Honda Civic relative to a 2004 Honda Civic.
C) GPS units versus AAA map books.
D) textbooks bought through the campus bookstore relative to textbooks via Craigslist.
E) olive oil versus vegetable oil.
How to solve any percent efficiency problem
Real Price of Oil, 1861–2010
Total Fertility Rate in the United States, 1860–2008
The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10
What principal will earn $77.14 interest at 6.65% p.
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...