An economist predicts that the annual inflation rate will be 6% for 4 years and 8% for the next 6 years. Accordingly, what is the average annual price change forecast for the ten-year period?
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- Compute the inflation rate for fruit prices from 2001 to 2004.An economist predicts that the annual inflation rate will be 7% for 4 years and 6% for the next 6 years. Accordingly, what is the average annual price change forecast for the ten-year period? Select one: a.1.894637 b.1.859389 c.2.003392 d.2.080069 e.2.041727 kIf the Consumer Price Index (CPI) for one year was 150 and for the next year it was 157.5, the inflation rate from one year to the next is % 6.5% 5 5.0% 7.5% O 6.0% 16 < 4- 6 f7 4+ & 7 hp fg KAA 8 fg DII 9 f10 W DDI
- Price per Unit Units Produced 2007 2008 2009 2010 Blueberries 8 $42 $2 $2.1 $2.4 Pineapples 5 $2 $2.5 $2,5 S3 Cheese 3. $2.5 $3.5 $4 If 2008 is the base year, the inflation rate between 2009 and 2010 is Select one: Oa. 10.4% Ob. 17.1% O:c13.9%MEEN1C | CLO 1 Prices of gasoline in the United States are forecast to increase by 7% in 2030. If the current average prices of gasoline in the United States stand at $3 per gallon, in 2020, What would be the average annual inflation rate over the forecast period. O The average annual rate of increase in the price of gasoline is 10% O The average annual rate of increase in the price of gasoline is 0.68% O The average annual rate of increase in the price of gasoline is 96.00% O The average annual rate of increase in the price of gasoline is 1.10%Price per Unit in Units Purchased 2008 2009 2010 Good A 5 $1.00 $41.50 $1.50 Good B 10 $2.00 $2.50 $3.00 Good C 4 $4.00 %24.50 $5.00 If 2009 is the base year, the inflation rate between 2009 and 2010 is Select one: Oa.9.4% b.-13.9% 12.2% Dd.7.0%
- The inflation rate between the years 2000 and 2001 was 4.31%. Based on this information, a basket of goods that cost $172 in the year 2000 would now cost how muc in the year 2001? Enter a number rounded to two decimal places. * Previous Next Et e n ASUSHenrique is a baseball fan and attends several games per season. His expenses per season are listed in the table below: |Year 1 |Year 2 5 Baseball Tickets Jersey Food Transport $500 $600 |$100 $150 $50 |$120 $150 $80 Calculate the inflation rate for Henrique's baseball season between year 1 and 2. 18.5% O0.18% 15.8% O1.6%The CPI-U (U.S. city average, all items) has the following annual averages: a. For each year from 2014 to 2017 determine the annual inflation rate inpercent to two decimal places. b. Because inflation, like interest, is compounded from period to period (e.g., year to year), estimate the overall annual inflation rate per year from 2013 to 2017. Suggestion! Do not simply average the rates of part (a).
- Table 2 Price per Unit in 2005 $2.00 $2.00 Units Purchased 2007 2008 Blueberries 9007 $2.10 $2.40 $2.50 $3.00 %243.50 $4.00 8. Pincapples Cheese 007$ $42.50 $3.00 $2.50 7. Refer to Table 2. The lowest inflation rate is between the years 2005 and 2006. cannot be determined from the given information 2006 and 2007. 2007 and 2008.5. Assume that relative purchasing power holds and that the inflation rate between year 1 and year 2 is 4% in the U.S. and 2% in Europe. Fill in the remaining spaces in the table. Year 1 2 (1) PUS ($) 1.5 (2) Es/e 1.2 (3) PEur(e) 1.25 (4) PEUR($) (5) qUS/EURSuppose you lent money to a friend a few years ago at a nominal interest rate of 6%. At the time ot he loan, you expected the annual inflation rate to be 2%, but the actual annual inflation rate was 1.2%. When the loan originated, you expected to earn a real return of but due to unexpected disinflation, you earned an actual real return of A. 2%; 1.2% OB. 4.8%; 6% C. 6%; 4.8% D. 4%; 4.8%