For an economy consisting of households and businesses only, which of the following is consistent with the circular flow of income and production? Households are suppliers of resources and consumers of goods and services Businesses are suppliers of resources and consumers of goods and services. Households are producers of goods and services and consumers of resources. Households are users of resources, and businesses are sources of saving. Flowerdom's current growth rate of real GDP per person is 7 percent a year, how long will it take the country's real GDP per person to double? 49 years 1 year 2 years 10 years Suppose the Bureau of Labor Statistics posted unemployment statistics for this year as follows: frictional unemployment 3%, structural unemployment 5%, and cyclical unemployment 10.5%. . Actual Unemployment Rate= ___% 1 point 15.5 8 13.5 18.5 An individual takes out a bank loan with an 8% rate of interest with the expectation that inflation over the course of the loan will be roughly 3%. If the actual inflation rate is 0%, the___________ benefits and ____________ loses Bank; Bank Bank; Borrower Borrower; Borrower Borrower; Bank When Swapno pays income taxes, what two parts of the circular flow model are involved? store manager and consumers consumers and government consumers and producers businesses and government The CPI is 120 in year 1 and 150 in year 2. All inflation is anticipated. If Sonali Bank charges a nominal interest rate of 30 percent in year 2, what is the bank's real interest rate? Inflation rate=25%, Real interest rate=30% Inflation rate=25%, Real interest rate=5% Inflation rate=5%, Real interest rate=25% Inflation rate=125%, Real interest rate=95%