a. Approximate real rate of interest 4.23%
b. Exact real rate of interest 2.78%
a. Calculations to determine the approximate real rate of interest in percent.
Using this formula
Approximate real rate of interest=Risk free rate - Inflation rate
Let plug in the formula
Approximate real rate of interest = 9.44% - 5.21%
Approximate real rate of interest = 4.23%
b. Calculations to determine the exact real rate of interest in percent
Using this formula
Exact real rate of interest= (Risk free rate-inflation) / (1+inflation)
Let plug in the formula
Exact real rate of interest= (9.44% - 5.21%) / (1 + 5.21%)
Exact real rate of interest=4.23% / 1.521%
Exact real rate of interest= 2.78%
Inconclusion:
a. Approximate real rate of interest 4.23%
b. Exact real rate of interest 2.78%
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The Great Depression (1929-39) was the deepest and longest-lasting economic downturn in the history of the Western industrialized world. In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and rising levels of unemployment as failing companies laid off workers. By 1933, when the Great Depression reached its nadir, some 13 to 15 million Americans were unemployed and nearly half of the country’s banks had failed. Though the relief and reform measures put into place by President Franklin D. Roosevelt helped lessen the worst effects of the Great Depression in the 1930s, the economy would not fully turn around until after 1939, when World War II kicked American industry into high gear.
Answer:
The most prominent characteristic of cross-sectional designs is that all of the observed data are collected at a single point in time. This differs from longitudinal and experimental designs, which make multiple observations over time.
Explanation:
The most prominent characteristic of cross-sectional designs is that all of the observed data are collected at a single point in time. This differs from longitudinal and experimental designs, which make multiple observations over time.
1) The power to rule a country is given by God alone, and the monarch should be treated as God's chosen representative. NONE
2) People have rights as soon as they are born, and the government has a duty to protect these rights. (John Locke, notable for liberalism, freedom for all)
3) When societies form governments, people give up some of their rights in exchange for law and order. NONE
4) Religious wars have caused enough damage. Everyone should be allowed to practice their own religion. (Jean Jacques Rousseau, notable for emotional development, human development, and religious tolerance)
5) Tyranny is unavoidable when one person or group holds too much governmental power. (Baron de Montesquieu, notable for his advocacy towards the separation of government powers)
6) The best way for a nation to increase wealth is to remove all barriers to trade. (Adam Smith, notable for economics and finances)
This was so the United States could have all the delegates agree with each other in hopes that they could create a United States Constitution that was in the best interest of United States Citizens. Hope this helped!
