If the inflation rate is 3% per year, how many years will it take for the cost of an item to double, if the price increases only by the inflation rate?
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9.Basics of Engineering Economy.
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- The index number representing the price level changes from 110 to 115 in one year and then from 115 to 120 the next year. Since the index number increases by five each year, is five inflation rate each year? Is the inflation rate the same each year? Explain your answer.With in 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years? Draw a graph to show the data.The total price of purchasing a basket of goods in the United Kingdom over four years is: year 1=940, year 2=970, year 3=1000, and year 4=1070. Calculate two price indices, one using year 1 as the base year (set equal to 100) and the other using year 4 as the base year (set equal to 100). Then, calculate the inflation rate based on the first price index. If you had used the other price index, would you get a different inflation rate? If you are unsure, do the calculation and find out.
- Compute the inflation rate for fruit prices from 2001 to 2004.The total price of purchasing a basket of goods inthe United Kingdom over four years is: year 1=£940,year 2=£970, year 3=£1000, and year 4=£1070.Calculate two price indices, one using year 1 as the baseyear (set equal to 100) and the other using year 4 as thebase year (set equal to 100). Then, calculate the inflationrate based on the first price index. If you had used theother price index, would you get a different inflationrate? If you are unsure, do the calculation and find out.You would like to buy a house that is currently on themarket at $15,000, but you cannot afford it right now. However, you think that youwould be able to buy it after 15 years. If the expected inflation rate as applied to the priceof this house is 8% per year, what is its expected price after four years?
- In 1980 the inflation rate was 11.83%. If an item cost $100 in 1980 and if the inflation rate has remained 11.83%, what would that item cost today (2018)?In 2000, the CPI is equal to 110. The annual inflation rate was equal to 5% per year for 2001 and 2002.What is the CPI in 2002? Question 10Answer a. 125 b. 115.5 c. 120 d. 121.275there is a new calendar beginning. Year 0 because it just started. annual inflation rate has been calculated since the Zero Year. these annual inflation follow a pattern. Therefore, %1 in year1, %2 in Year 2, 3% year3. This new calendar uses the hexadecimal system. So after year 9 comes 10% for Year A ,11% for Year B,12% for Year C, 13% for Year D,14% for Year E, 15% for Year F, and then 0% for 10. How much if we calculate the average inflation rate during the 8192 New Year of this new calendar, which occurred at the end of 2000?
- Use the table below to calculate the inflation rate. Year 1 2 WN 3 Price of the Market Basket $1,521 $1,594 $1,691 Using Year 1 as a base year, what is the inflation rate in Year 2? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.An economist has predicted that for the next 5 years, the U.S. will have a 2.5% annual inflation rate, followed by 5 years at a 3.5% inflation rate. This is equivalent to what average price change per year for the entire 10-year period?Interest RatesSuppose that you make a loan of $1,500 to your friend at a rate of 10% interest because you expect the inflation rate to be 5%.a) By how much does your purchasing power increase once the loan is completely paid off?b) Assuming that after the loan was repaid, you discovered that inflation rate over the life of the loan was only 2%. Who gained?
