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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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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Answer:
Archaeologist
Explanation:
They would be known as an archaeologist
Life experiences are things you go through that are unforgettable. In the eyes of colleges and universities, life experiences shape who you are and what you might want to do with your life.
It teaches you something, whether it be about yourself, or about something you already knew, but there was more to it.
Hope this helps you!!^_^
