If the Real Deficit Is $200 Billion, the Inflation Rate

question 38

Multiple Choice

If the real deficit is $200 billion, the inflation rate is 5 percent, and the debt is $3 trillion, then the nominal deficit is:

• A)$100 billion.
• B)$250 billion.
• C)$300 billion.
• D)$350 billion.

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Definitions:

Sol Invictus

The sun god worshipped in the late Roman Empire, recognized as the official sun god and patron of soldiers, celebrated on December 25th.

Pantokrator

Greek, “ruler of all.” Christ as ruler and judge.

Mildenhall Treasure

A collection of Roman silver tableware from the 4th century, discovered in Suffolk, England, and noted for its craftsmanship and historical significance.

England

A country that is part of the United Kingdom, known for its rich history, cultural contributions, and as the birthplace of the English language.