Arnold puts money into an account. One year later, he sees that he has 7 percent more dollars and that his money will buy 3 percent more goods. What is the nominal interest rate and the inflation rate?

Which of the following practices is not recommended during a time of water scarcity? a. increasing wastewater recycling b. prohibiting the consumption of bottled water c. raising fines for violating outdoor water restrictions d. improving monitoring and management of local aquifers e. utilizing media to promote awareness of best practices in water management