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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During a research work, an effective and efficient way to follow the scientific method includes:
Make observations.
Ask questions.
Construct a hypothesis.
Test the hypothesis with an investigation.
Analyze the data.
Explain the result.
Communicate the result.
The scientific method is the variety of techniques that scientists use to observe, examine, investigate, and study the natural world and explain it based on evidence, theories, evidence, hypotheses, or factual information that scientists derive from their research work.
It can be defined as the scientific method usually involves combining traditional scientific processes with critical thinking, scientific knowledge, and reasoning to generate new ideas. Please note that if your hypothes is true, it should be shared with the community. However, if your hypothesis is wrong, you should build another hypothesis and repeat the process.
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The information which can be deduced from this graph on green tea are:
B. Green tea is inelastic in terms of supply.
E. The supply of green tea does not change sharply with the price.
<h3>What is supply?</h3>
Supply can be defined as the total quantity of goods or services that are demanded by consumers at a given period of time.
<h3>The types of supply.</h3>
In Economics, there are two main types of supply and these include:
<h3>What is inelastic supply?</h3>
Inelastic supply is a situation that occurs when the quantity of goods or services that the producers are willing to produce, doesn't change as the price of goods or services increases.
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ANSWER - i believe the answer is D
