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 excerpt that is from an opera aria by Mozart is; Excerpt A
What is the given Excerpt?
Mozart was an Austrian composer, widely recognized as one of the greatest composers in the history of Western music. Unlike any other composer in musical history, he wrote in all the musical genres of his day and excelled in every one. His taste, his command of form, and his range of expression have made him seem the most universal of all composers; yet, it may also be said that his music was written to accommodate the specific tastes of particular audiences.
Mozart wrote several successful operas, such as The Marriage of Figaro (1786), Don Giovanni (1787), and The Magic Flute (1791). Mozart also composed a number of symphonies and sonatas. His last symphony—the Jupiter Symphony—is perhaps his most famous.
The given excerpt which is seen from an audio listened to online is seen to be Excerpt A.
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I agree because when u have confidence , ur more strong
In perfectly competitive markets, firms in the market in the long-run, will earn zero economic profits.
<h3>What economic profits are earned in a perfectly competitive market?</h3>
In the short-run, there is a chance to earn a positive economic profit in a perfectly competitive market but this would then attract other companies into the market to make profits as well.
This then leads to the profits disappearing thanks to increased supply and lower prices. Companies would then leave and enter to either take advantage of profits or stop losses thereby keeping economic profits at zero in the long run.
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