Question 1 of 3
Step 1
In the country of Orcam, the velocity of money is constant. Real GDP grows by 5 percent per year, the money stock grows by 14 percent per year, and the nominal interest rate is 11 percent.
What is the growth rate of nominal GDP?
Growth Rate of Nominal GDP = %
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Step 2
In the country of Orcam, the velocity of money is constant. Real GDP grows by 5 percent per year, the money stock grows by 14 percent per year, and the nominal interest rate is 11 percent.
What is the inflation rate?
Inflation Rate = %
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Step 3
In the country of Orcam, the velocity of money is constant. Real GDP grows by 5 percent per year, the money stock grows by 14 percent per year, and the nominal interest rate is 11 percent.
What is the real interest rate?
Real Interest Rate = %
- Chapters
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- captions settings, opens captions settings dialog
- captions off, selected
- English Captions
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