The real return is the difference between the nominal and actual rate of inflation. Therefore, the real return revived by Luigi will be 6%.
<u>Given</u><u> </u><u>the</u><u> </u><u>Parameters</u><u> </u><u>:</u>
- <em>Nominal rate = 7% </em>
- <em>Actual rate of inflation = 1%</em>
<em>Real return = Nominal rate - Actual rate of return </em>
Real Return = 7% - 1% = 6%
Therefore, the real return on Luigi's money would be 6%
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Answer:
Explanation:
What is Henry's answer to the objection that the colonists are not ready to fight against the British? Henry says that there are enough people with the motivation to achieve independence, which he says will easily defeat any other country. He also says that God is on their side and will help them through the battle.
The best description of Steffens' purpose in writing about government is:
- <u>B. to describe corruption in city and state governments</u>
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According to the quotation from Lincoln Steffen's The Shame of the Cities, we are told that the author feels that the shamelessness of the American people would cause the downfall of the "American pride".
As a result of this, the most likely purpose of writing this is to show the level of corruption which is prevalent in the city and state governments to spur the citizens to revolt against the corruption.
Therefore, the correct answer is option B
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Food-grade lubricants must perform the same technical functions as any other lubricant: provide protection against wear, friction, corrosion and oxidation, dissipate heat and transfer power, be compatible with rubber and other sealing materials, as well as provide a sealing effect in some cases.
