Caroline has saved $100,000 for her retirement. She earned 4 percent interest on that money during the year 2013. If the inflation rate was 1 percent in 2013, what was Caroline's real interest rate?
A) $4,000 B) 5 percent C) 1 percent D) 4 percent E) 3 percent
E
Economics
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Which of the following is not a determinant of an individual's marginal product?
A) talent B) money income C) experience D) educational level
Economics
The statement that "as more of a good is consumed, its extra benefit declines" refers to
A. the law of diminishing marginal product. B. the law of diminishing marginal utility. C. the law of demand. D. the law of comparative advantage.
Economics