To maintain a low student loan repayment burden, the Consumer Financial Protection Bureau suggests student loan payments should not exceed 8% of your gross salary. A student loan is a form of loan that is intended to assist the students in paying for post-secondary education and associated fees such as tuition, books and supplies, and living expenses.
It may differ from the other forms of loans in that the interest rate is significantly lower and the re- payment plan is deferred while the student is still enrolled in the school. Many countries also have strong laws governing the renegotiating and bankruptcy.
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Considering that nominal interest rate is 8% and the inflation rate is 3%, then, real interest rate will equals 3%.
Given Information
Nominal interest rate = 8%
Inflation rate = 3 percent
Real interest rate = Nominal interest rate - Inflation rate
Real interest rate = 8% - 3%
Real interest rate = 5%.
Hence, considering that nominal interest rate is 8% and the inflation rate is 3%, then, real interest rate will equals 3%.
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A shift to the right (or outward) in a ppc/ppf represents expansion, which may be brought about by better utilizing current resources (improved technology) or by gradually acquiring more resources.
The Production Possibility Frontier (PPF): What Is It?
The production possibility frontier (PPF) is a graphed curve that shows the possible output of two items whose production is reliant on a single finite resource. The PPF is often referred to as the production possibility curve.
PPF is important in economics as well. For instance, it can show that a country's economy has achieved the maximum level of effectiveness.
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Answer:
The Correct answer is C "Courts are generally suspicious of dollar amounts determined by the net worth method because courts realize that the net worth can only provide approximations of the amount stolen."
Explanation:
There is always suspicion from the court on the dollar amounts derived from using the net worth method, and this is because courts have been able to understand that the net worth method does not have the potential to calculate the exact stolen amount, but only provide estimations and approximates of the main amount.
