The Consumer Price Index Was 225 in 2008 and 232

question 50

Multiple Choice

The consumer price index was 225 in 2008 and 232.2 in 2009.The nominal interest rate during this period was 6.5 percent.What was the real interest rate during this period?

• A)1.6 percent
• B)3.3 percent
• C)5.1 percent
• D)7.4 percent

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Definitions:

Levator Scapulae

A skeletal muscle situated at the back and side of the neck, its primary function is to elevate the scapula.

Scapula

Also known as the shoulder blade, it is a flat, triangular bone located in the upper back.

Pectoralis Major

A large muscle in the upper chest that assists in the movement of the shoulder joint.

Subscapularis

A muscle located beneath the scapula, assists in the rotation and adduction of the arm.