They function as consumers and producers because while they work, they are creating goods/ providing services that contribute to the economy. When they get paid, they become consumers who buy goods/pay for services.
Matt and elaine are brokers who plan to go into business together, and they're working on a business plan to present to prospective lenders.
The synopsis is a shortened version of your small company's business plan.
Example of a Synopsis. Here's an example of a short synopsis of the story of Jack and Jill: Jack and Jill is the story of a boy and a girl who went up a hill together. They went to fetch a pail of water, but unfortunately, their plan is disrupted when Jack falls and hits his head, and rolls back down the hill.
Learn more about the synopsis here: brainly.com/question/1661803
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Answer:
1) 6% , 2) 5% , 3) As inflation rate ise higher than expected inflation rate, real interest rate would be lower than expected real interest rate
Explanation:
Real Interest Rate is the interest rate, which accounts for the impact of inflation.
Real Interest Rate = Nominal Interest Rate - Inflation
1) 14% - 8% = 6%
2) 14% - 9% = 5%
3) In case of variation in expected & actual inflation rate
1 + nominal interest rate = (1 + real interest rate) (1 + expected inflation rate)
1 + 14% = (1 + r) (1 + 3%)
1.14 = (1 + r) (1.03)
1.14 = 1.03 + 1.03r
0.11 = 1.03r
r = 8.82 {If inflation is higher at 9%}
If inflation could have been at expected 3%, real interest rate could have been 14% - 3% = 11%.
So : As inflation rate turned out to be higher than expected inflation rate, real interest rate turned out to be lower than expected real interest rate
