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A: CPI in period 1=180 CPI in period 2=240
Q: Inflation rates: 1) 1960 to 1970 __29.01%______ 2) 1970 to 1980 __105.82%______ 3) 1980 to 1990…
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Q: The Bureau of Labor Statistics has a website (www.bls.gov) that contains a Consumer Price Index…
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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…
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Q.1.9 If the CPI was 106 in 2013 and 116 in 2014, the inflation rate in 2014 was: (a) 106%;
(b) 116%;
(c) 9.4%;
(d) 16%
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- What was the approximate value of the inflation rate in Q4 of 2021?Find the inflation rate necessary for something to cost exactly twice as much as it did 10 years earlier.A country is experiencing an inflation rate of exactly 100 percent per month for 4 months. At the end of 4 months, the price level has increased _____ times in relationship to the initial period.
- According to the College Board, the average in-state tuition and fees at public 4-year colleges and universities increased from $1780 in 1990 to $9650 for the 2016–2017 school year (per full-time equivalent student). Calculate the relative change in public college cost over this time period, and compare it to the overall rate of inflation as measured by the CPI.The Bureau of Labor Statistics has a website (www.bls.gov) that contains a Consumer Price Index inflation calculator that uses the average CPI to adjust the purchasing power of money over different periods of time. The CPI index value has been calculated every year since 1913. The calculator indicated that $1 million in 1913 would have the same purchasing power as $23,930,909 in 2016. What was the average inflation rate over this 103-year time period?When the inflation rate is 4% per year, how many inflated dollars will be required 20 years from now to buy the same things that $10,000 buys now?
- The cost of 1,000 cubic feet of natural gas has increased from $6 in 2000 to $15 in 2006. What compounded annual increase in cost is this? How does the increase in the cost of natural gas compare to a 3% annual rate of inflation during the same period of time?The cost of a wastewater treatment plant for a small town of 6000 people was estimated to be about $85/person in 2006. If a modest estimate of the rate of inflation is 2.5% for the period to 1984, what will be the per capita cost of the treatment plant in 2021?α-β, Inc., a high-tech company in San Diego, whose stock trades on the NYSE exchange, uses a MARR of 25% per year. If the chief financial officer (CFO) said the company expects to make a real rate of return of 20% per year on its investments over the next 3-year period, what is the company expecting the annual inflation rate to be over that time period?
- If a 3D printer increased in cost at exactly the inflation rate, what was the inflation rate if the printer costs exactly twice as much now as it did 10 years ago?: If inflation is 2.7% each year from 2021 to 2031, what is the purchasing power in 2021 dollars of $100,000 in 2031?The Fischer-Tropsch (F-T) process was developed in Germany in 1923 to convert synthesis gas (i.e., a mixture of hydrogen and carbon monoxide) into liquid with some gaseous hydrocarbons. Interestingly, the F-T process was used in World War II to make gasoline and other fuels. The U.S. military can save one billion gallons per year of foreign oil by blending its jet fuel with F-T products. If the government expects inflation to average 3% per year, what is the equivalent uniform annual savings in fuel? The government's MARR is 7% per year, the study period is 40 years, and one gallon of jet fuel costs $2.80. The AW is $_______billion.