In the far-off country of Narnia, the velocity of money is constant, money stock grows by 12 per cent per year, the nominal interest rate is 8 per cent and real GDP grows by 5 per cent per year. Calculate the growth rate of nominal GDP, the inflation rate and the real interest rate and choose the correct answer below.A.8%, 3%, 9%B.12%, 7%, 1%C.8%, 4%, 8%D.12%, 4%, 4%

In a country, the velocity of money is constant. Real GDP grows by 4 percent per year, the money stock grows by 9 percent per year, and the nominal interest rate is 10 percent. Determine the growth rate of nominal GDP, the inflation rate, and the real interest rate.A.9%; 5%; 15%B.5%; 5%; 5%C.9%; 5%; 5%D.9%; 9%; 1%

In the fictional country of Econland, the velocity of money remains stable. Real GDP increases by 2% per year, the money supply grows by 7% per year, and the nominal interest rate is 10%. What is the growth rate of nominal GDP?A.2%B.5%C.7%D.9%

In a specific nation where the velocity of money maintains its stability, the economy demonstrates a continuous growth trajectory. Real GDP exhibits an annual expansion of 4 percent, while the money supply showcases a yearly increase of 6 percent. Simultaneously, the nominal interest rate remains at 8 percent. Let's compute the growth rate of nominal GDP.A.10%B.18%C.12%D.14%

In Econlandia, growth in real income is 4% per year, growth in money supply is 8% per year and the nominal interest rate is 6% whilst the change in the velocity of money is 0. What is the inflation rate, growth rate of nominal GDP and the real interest rate in Econlandia?

In the country of Winterfell, the velocity of money is constant. GDP growth is 4% per year, the money stock grows at 14% per year, and the nominal interest rate is 11%. What is the real interest rate?