Calculate the Nominal Rate If the Real Rate Is 4

question 102

Multiple Choice

Calculate the nominal rate if the real rate is 4.25% and the inflation rate is 3%.

• A)10.18%
• B)9.28%
• C)8.83%
• D)7.38%

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.