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Given an inflation rate 3% and a real rate of 5% what is the corresponding nominal rate? 1. 9.2% 2. 4% 3. 8% 4. 108%

Given an inflation rate 3% and a real rate of 5% what is the corresponding nominal rate?

1. 9.2%

2. 4%

3. 8%

4. 108%

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