If the nominal interest rate is 5 percent and the real interest rate is 2 percent, then the inflation premium is:.A. 8 percent. B. 5 percent. C. 3 percent. D. 2 percent

Inflation rate= 0.03 = 3%

Explanation:

Giving the following information:

Nominal interest rate= 0.05

Real interest rate= 0.02

To calculate the inflation rate, we need to use the following formula:

Real interest rate= nominal interest rate - inflation rate

Inflation rate= nominal interest rate - real interest rate

Inflation rate= 0.05 - 0.02

Inflation rate= 0.03 = 3%

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

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