Table 24-5
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the Following Table Shows the Value of the Consumer

question 194

Multiple Choice

Table 24-5
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The following table shows the value of the consumer price index and the nominal interest rate for three consecutive years.
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$$\begin{array} { | c | c | c | } \hline \text { Year } & \text { CPI } & \begin{array} { c } \text { Nominal Interest Rate } \\\text { (Percent) }\end{array} \\\hline 1 & 233.0 & 2.4 \\\hline 2 & 236.7 & 2.5 \\\hline 3 & 237.0 & 2.1 \\\hline\end{array}$$
-Refer to Table 24-5. What was the real interest rate in Year 3?

• A)1.8%
• B)2.0%
• C)2.2%
• D)2.4%

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Definitions:

Unilateralist Course

A foreign policy approach where a nation acts independently without consulting or coordinating with other nations.

Underemployed

Condition where individuals are working fewer hours than desired or in jobs that do not fully utilize their skills and qualifications.

Economic Recovery

The process by which a nation's economy rebounds from a period of recession or economic downturn, characterized by a rise in employment, consumer spending, and growth in GDP.

Financial Burdens

The strain or stress placed on an individual's or entity's finances due to debts, obligations, or other financial commitments.