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 correct answer to this open question is the following.
Although you did not specify what destination you are referring to, and there are no options attached, trying to help we can say the following.
The two ways in which the sale of local souvenirs promotes the culture of any destination are the following.
Souvenirs and merchandise are an excellent way to promote a country, a city, or a tourist place. Visitors can buy souvenirs that are homemade by local people, helping to maintain an economic activity to generate income and pay taxes that benefit the community.
When tourists wear clothes, shirts, sweatshirts, hats, with the name of the place, they are promoting that tourist destination. When they buy commemorative plates, cups, mugs, glasses, posters, and exhibit them in their homes or offices as a decorative item, they are also promoting the touristic destination.
The Texas governor who worked for public support of "bread bonds" was Miriam Amanda Ferguson.
<h3>Who is
Miriam Amanda Ferguson?</h3>
Miriam Amanda Ferguson was an American politician who was born on the 13th of June, 1875 in Bell County, Texas, United States of America and she died on the 25th of June, 1961 in Austin, Texas, United States of America.
Miriam was elected to serve as the governor of Texas on two occasions during which supported many "New Deal" initiatives such as "bread bonds" along with federal funds to provide public support and address their welfare needs.
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