Multiple Choice
Suppose you borrow $2000 for one year and at the end of the year you repay the $2000 plus $110 of interest.The expected inflation rate was 2.2% at the time you took out the loan,but the actual inflation rate turned out to be 3.3%.What was the actual real interest rate you paid?
A) 2.2%
B) 3.3%
C) 5.5%
D) 8.8%
Correct Answer:
Verified
Correct Answer:
Verified
Q29: Suppose you borrow $8000 for one year
Q30: <span class="ql-formula" data-value="\quad "><span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mspace
Q31: Explain the difference between GDP and GNP.
Q32: If a U.S.firm opens a production facility
Q33: The consumer price index is<br>A) an average
Q35: <span class="ql-formula" data-value="\quad "><span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mspace
Q36: A country in which a substantial amount
Q37: An example of fixed investment spending is<br>A)
Q38: <span class="ql-formula" data-value="\quad "><span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mspace
Q39: If nominal GDP in 2012 was less