If you borrow money at a 9% nominal rate and the inflation rate is 2%, what is the real interest rate on the loan?

Suppose that last year the Consumer Price Index was 124; this year it is 130.7. What was the inflation rate between these years?

A) 30.7 percent B) 6.7 percent C) 5.4 percent D) 5.1 percent

As of 2013, the debt of the U.S. government amounted to roughly ________ per person

A) $50,000 B) $8 million C) $500,000 D) $800