In a specified year, nominal gross domestic product grew by 12 percent and real gross domestic product grew by 5 percent.What would be the inflation 7% -7% 8% 179%
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In a specified year, nominal
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179%
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- Rosalie the Retiree knows that when she retires in 16 years, her company will give her a one-time payment of 20,000. However, if the inflation rate is 6 per year, how much buying power will that 20,000 have when measured in todays dollars? Hint: Start by calculating the rise in the price level over the 16 years.In a specified year, nominal gross domestic product grew by 12 percent and real gross domestic product grew by 5 percent.What would be the inflationrate for this year? 7% -7% 8% 17% Need answer only fast!!If the annual inflation rate is 10% and the annual real interest rate is 20%, what is the annualnominal interest rate?(a) Less than 0%(b) Between 5-15%(c) 30%(d) More than 30%(e) None of the above
- Calculate the real interest rate per month if the nominal inflation-adjusted interest rate per year, compounded monthly, is 18% and the inflation rate per month is 0.5%.Product Quantity Price Year 1 Cereal 1,000 $1.00 Beef 700 $2.00 Doughnuts 600 $0.50 Year 2 Cereal 1,400 $1.10 Beef 600 $2.50 Doughnuts 500 $0.75 If year 1 is the base year, what is the inflation rate between year 1 and 2?If 2015 is the base year and the inflation rate between 2015 and 2016 is -4.5%, the priceindex in 2016 isA) 104.5.B) 95.5.C) -145.0.D) cannot be determined from this information because the base year is not known
- The consumer price index (CPI) of a country was approximately 200 at the beginning of year 2010. If inflation continued at an average rate of 2.5%, what would the index be at the beginning of year 2021?If the Consumer Price Index was 155 in one year and 165 in the next year, then the rate of inflation from one year to the next was approximately: Group of answer choices 6.5% -6.5% 6.1% 10%Henrique 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 $500 $600 Jersey $100 $120 Food $150 $150 Transport $50 $80 Calculate the inflation rate for Henrique's baseball season between year 1 and 2.
- Price of wine Price of coffee 2021 $5 $5 2022 $9 $6 Assuming that wine and coffee consumption are fixed as 10 wine and 20 cups of coffee. Calculate the inflation rate between 2021 and 2022. (Note: the cost of the basket in the base year is 120) 40% 35% 22.5% 28%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? Do the calculations to support your answer.Calculate the inflation-adjusted interest rate when the annualized inflation rate is 7.9% per year and the real interest rate is 3.6% per year. The inflation-adjusted interest rate is %.
