alculate the inflation rate from 2020 to 2021 if the index number in 2020 was 145 and increased to 152 in 2021

Q: The Bank of England has an inflation calculator website that uses the UK price index to show how the…

A:

Q: Inflation is measured as         A. CPIt cmopared to CPIbase       B. (CPI2-CPI1)/CPI1 x 100…

A: CPI is measured using fixed basket of goods.

Q: There is a 1-year loan of $15,000. Both parties agree on a 6% of rental price of the money on the…

A: Given the loan amount = $15000 Interest rate on the loan amount = 6% Inflation rate = 8%

Q: The table below belongs to an economy in which the typical consumer's basket consists of 5 books and…

A: Inflation is defined as the general increase in the price level in the economy. The increase in…

Q: The Consumer Price Index (CPI) increased from 300 to 400 over 15 years. What was the annual…

A: Here, it is given that the consumer price index changes over time and become 300 to 400 in last 15…

Q: If the Consumer Price Index was 155 in one year and 165 in the next year, then the rate of inflation…

A: Inflation refers to an increase in the prices of all the goods and services produced in an economy…

Q: If inflation is 2.7% each year from 2021 to 2031, what is the purchasing power in 2021 dollars of…

A: Given Information Inflation Rate of 2.7% increase every year from 2021 to 2031Cost $100,000 in 2031

Q: Prices are increasing at an annual rate of 6% the first year and 10% the second year. Determine the…

A: Inflation refers to the increase in the general price level which increase due to many reasons like…

Q: The inflation rate in the Philippines in the last quarter of 2013 was 4.8%

A: Answer-

Q: Assume that the retail price index (RPI) for the UK was 100 in January 1950 and 3246 in January…

A: Macroeconomics is a part of economics that deals with production, decision and allocation concerning…

Q: Costs due to an annual inflation rate of 4 percent can be determined by repeatedly multiplying the…

A: Inflation refers to the increase in price level. It erodes the purchasing power of money as the…

Q: Inflation rates: 1) 1960 to 1970 __29.01%______ 2) 1970 to 1980 __105.82%______ 3) 1980 to 1990…

A: 1) 1960 to 1970 __29.01%______ 2) 1970 to 1980 __105.82%______ 3) 1980 to 1990 __63.75_______

Q: The federal-level Pell Grant program provides financial aid to needy college students. The grant…

A: a. Initial value (IV) is $5,550. New value (NV) is $5,730. Time period (n) is 2. The average…

Q: Price of wine Price of coffee 2021 $5 $5 2022 $9 $6 Assuming that wine and coffee…

A: Inflation basically refers as the rate at which prices rise over time. Inflation is usually defined…

Q: Q1: (c) Your current salary is $60,000/year, your salary is increased every Year by 5% per year, and…

A: Inflation is the gradual increase in the price level over a certain time period. Inflation tends to…

Q: The Bureau of Labor Statistics has a website (www.bls.gov) that contains a Consumer Price Index…

A: Inflation: When the general price levels of goods and services rose over a specified period of time…

Q: The Bureau of Labor Statistics has a website (www.bls.gov) that contains a Consumer Price Index…

A: Inflation refers to the increasing the general price level in the economy during the particular…

Q: The bank is paying 10.12%, compounded annually. The inflation is expected to be 9.32% per year. What…

A: Inflation means the average increase in the overall prices of goods and services in the economy.…

Q: In 1980 the inflation rate was 11.83%. If an item cost $100 in 1980 and if the inflation rate has…

A: Given information, Present value (1980) (P)= $100 Interest rate (r)= 11.83% Time period (t)= 38…

Q: Price per Unit in Units Purchased 2008 2009 2010 Good A 5 $1.00 $1.50 $1.50 Good B 10 $2.00 $2.50…

A: Inflation refers to increase in the average price level of goods and services.

Q: a. If the price level was 100 in 1999 and 102 in 2000, the inflation rate was  A. 0.2% B. 2% C.…

A: Inflation Inflation is the gradual loss of a currency's buying value over time. The increase in the…

Q: Goods costing $27.10 at the beginning of the year 1940 cost $176.52 at the beginning of the year…

A: Inflation is the general increase in the price level of all goods and services in the market. Some…

Q: An electronic device cost $1250 in 2011. If inflation has averaged 2% each year, what is the price…

A: According to the question given that the price of the device is $1250 in 2011. There is inflation of…

Q: Year Raise Starting Salary Ending Salary Absolute Difference in $ from prior year Relative…

A: a) For the year 2018, Starting salary = $74,636 Ending salary = Starting salary + 2% increment…

Q: Prices for fresh fruit went up 9% last year and 3% this year. What is the average inflation rate…

A: Average inflation rate is the increase in the price of a basket of goods over a period of time. It…

Q: With the attached, what is the inflation rate spanning between 2013 and 2015.

A: The Consumer Price Index measures the changes in the price level of the market basket of goods and…

Q: As indicated, some of the cash flows are expressed in future (then-current) dollars and others in…

A: Nominal Interest rate = Real Interest rate + Inflation rate = 10% + 6% = 16%

Q: The consumer price index was 158.6 in 1999 and 166.2 in 2000. Therefore, the rate of inflation in…

A: The inflation is the rise in the aggregate price level. The inflation would result in a rise in the…

Q: The bank is paying 8.35% compounded annually. The inflation is expected to be 5.59% per year. What…

A: Interest paid by bank = 8.35% Compounded annually   Expected inflation = 5.59% per year

Q: Typically, how is inflation measured? daily weekly monthly quarterly annually

A: Inflation: It is the decay of buying intensity of given cash over the long run. A quantitative gauge…

Q: The average rate of inflation in the United States in the last 100 years is approximately 3.26%. In…

A: 100 year's average inflation = 3.26% Last year inflation = 8.5% Present worth of a future amount or…

Q: If 2015 is the base year and the inflation rate between 2015 and 2016 is -4.5%, the price index in…

A: GDP deflator or price index is used to convert the nominal GDP in a particular time to real GDP in a…

Q: If the CPI in period 1 is 125 and the CPI in period 2 is 150, then the rate of inflation between…

A: CPI in period 1= 125 and CPI in period 2= 150.

Q: 2019                           2020 Commodities            Price       Quantity        Price…

A: Nominal GDP (NGDP) = sum of (Current year price x Current year quantity) Real GDP (RGDP) = sum of…

Q: An engineer's salary was $40,000 in 2004. The same engineer's salary in 2011 is $75,000. If the…

A: To get the average inflation rate for the period 2004-2012, that is 8 years, with initial salary of…

Q: The price of gold (end-of-year closing price in dollars per troy ounce) is shown in the table below.…

A: The following problem has been solved as follows:

Q: The table below lists Mistania’s index numbers for its typical consumer’s market basket between 2008…

A: The inflation rate refers to the rate at which the price level in the economy increases resulting in…

Q: Price per Unit Units Produced 2007 2008 2009 2010 Blueberries 8 $2 $2 $2.1 $2.4 Pineapples 5 $2 $2.5…

A: Inflation occurs when prices rise, reducing your dollar's purchasing power. Inflation is defined as…

Q: A bank offers an annual 20% interest rate on time deposits. If the annual inflation rate is 159%6,…

A: here we calculate the real interest rate which are as follow-

Q: Hyperinflation has struck your country! Over the past year the price of a loaf of bread has…

A: According to the question, it is given that : Hyperinflation has struck the country. The price of a…

Q: In​ 1923, a certain country underwent one of the worst periods in history of​ hyperinflation, which…

A: Given monthly inflation rate = 34,000%

Q: An agent of a real state company stated that a house he sold in 1980 for $37000 was sold by the…

A: Given; Prices of the house in 1980= $37000 Same house was sold for $90000 in 1990…

Q: Calculate the annual inflation-adjusted interest rate, if the general inflation rate is ? 2% per…

A: Given  General inflation rate is 2% and rate of interest (nominal interest) =3.5% We have to…

Q: The CPI-U (U.S. city average, all items) has the following annual averages: a. For each year from…

A: The table is providing the CPI from year 2013 to 2017. The inflation, = (CPI in a specific year –…

Q: Company A recently bought software licenses for $100,000 for the first year, renewable each year for…

A: Given: License cost=$100000 Inflation rate for next 3 years=3% Inflation rate for 5th year=5% To…

Q: Some of the following future cash flows have been expressed in then-current (future) dollars and…

A:

Q: The bank is paying 7.11% compounded annually. The inflation is expected to be 3.59% per year. What…

A: Here, bank rate is given as 7.11% that is compounded annually and people are expecting an inflation…