Corey Deposits $1,000 in a Savings Account That Pays an Annual

question 40

Multiple Choice

Corey deposits $1,000 in a savings account that pays an annual interest rate of 5 percent.Over the course of a year,the inflation rate is 1.7 percent.At the end of the year,Corey has

• A)$17 more in his account,and his purchasing power has increased by $10.
• B)$30 more in his account,and his purchasing power has increased by $50.
• C)$40 more in his account,and his purchasing power has increased by $33.
• D)$50 more in his account,and his purchasing power has increased by $33.

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Definitions:

Deforestation

The removal of a forest or stand of trees from land which is then converted to a non-forest use, often resulting in ecological imbalance.

Forest Cover

The proportion of land area that is covered by forests, which is crucial for biodiversity, climate regulation, and ecosystem services.

Property Rights

The legal rights to use, control, and derive benefit from resources or property, recognized and enforced by law.

Environmental Treatment

Involves methods and technologies used to treat or remediate environmental issues such as pollution or waste management.