Table 11-12

question 153

Multiple Choice

Table 11-12. Will's expenditures on food for three consecutive years, along with other values, are presented in the table below.
-Refer to Table 11-12. Suppose Will's 2009 food expenditures in 2011 dollars amounted to $5,670. Suppose also that the real interest rate in 2011 was 3 percent. Then, in 2011,

• A)the inflation rate was 8 percent and the nominal interest rate was 5 percent.
• B)the inflation rate was 9 percent and the nominal interest rate was 6 percent.
• C)the inflation rate was 8 percent and the nominal interest rate was 11 percent.
• D)the inflation rate was 9 percent and the nominal interest rate was 12 percent.

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Definitions:

Cleaning Compulsion

A common compulsion in which people feel compelled to keep cleaning themselves, their clothing, and their homes.

Rubber Gloves

Protective gloves made of rubber or a similar material, used to protect the hands from chemicals, infectious agents, and other potentially harmful substances.

Avoids Contact

A behavior pattern where an individual consistently seeks to avoid social interactions or situations that require engagement with others.

Obsessive Thought

Persistent, unwanted, and intrusive thoughts that cause significant anxiety and distress.