You deposit $2,000 in a savings account, and a year later you have $2,100. Meanwhile, the CPI rises from 200 to 210. In this case, the nominal interest rate is _____ percent, and the real interest rate is ____ percent.

a. 1,10

b. 5,5

c.5,0

d. 2,3 In 2009, the imaginary nation of Mainland had a population of 7,000 and real GDP of 210,000. In 2010 the population was 7,300 and real GDP of 223,380. Over the year in question, real GDP per person in Mainland grew by

a. 2, which is high compared to avg US growth over the last 100 years

b. 2, which is about the same as avg US growth over the last 100 years

c. 4, which is high compared to avg US growth over the last 100 years

d. 4, which is about the same as avg US growth over the last 100 years C. 3,000,000/8,000=375 per person. 375 ** 1.029 (The growth rate per person) = 385.875. This is the GDP per person that you want to find. Now you take the population and GDP the question provides and multiply each of them by the respective rate that each answer selection provides. Answer C is correct because 8,000 ** 1.04 (population growth) =8,320 and 3,000,000 * 1.07 (GDP growth)=3,210,000. The answer is then 3,210,000/8320= 385.817. B. Same explanation as the previous question. Take 42,000,000/10,000=4,200. 4,200 ** 1.0194 = 4,281.48. Now you take the population and GDP the question provides and multiply each of them by the respective rate that each answer selection provides. 10,000 ** 1.03=10,300 and 42,000,000 * 1.05=44,100,000. 44,100,000/10,300=4,281.55.