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Tim loaned jake money. Tim repaid the load to jake plus 6% in real interest. If...

Tim loaned jake money. Tim repaid the load to jake plus 6% in real interest. If the inflation that year was 2%. What nominal interest rate did tim charge jake?

A country produces 80 soccer balls and 30 baseballs every year. The soccer balls are $75 a ball and the baseballs are $50 each. What would be the contribution to GDP from these two items?

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