Answer:
Real interest rate= 0.06 = 6%
Explanation:
Giving the following information:
Nominal interest rate= 12%
Inflation rate= 6%
<u>The inflation rate provides the opposite effect on the interest rate. It decreases the purchasing power of an individual. </u>To calculate the real interest rate, we need to deduct the inflation rate.
Real interest rate= 0.12 - 0.06= 0.06
Answer:
Professional education helps to rectify the errors in business
Explanation:
Answer:The part of the life cycle to which the product belongs is that of Maturity.
Explanation:
Since with the established growth, the next stage in the life cycle is Maturity. Businesses at this stage add features that make the product differ from competitors entering the market.
The concert tickets are represented as an opportunity cost.
