Prior to 1840, most businesses were

The table above has information about the CPI, nominal wage rate, and nominal interest rate for the country of Syldavia for the years 2010 to 2012. The reference base year is 2011. The inflation rate in Syldavia from 2011 to 2012 was

A) 8.4 percent. B) 8.0 percent. C) 4.0 percent. D) 3.0 percent. E) 10.3 percent.

Holding everything else constant, if the nominal interest rate decreases, the interest paid on the debt will ________ the debt-to-GDP ratio, and nominal GDP growth will ________ the debt-to-GDP ratio

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases