Suppose the consumer price index (CPI) in 1983 was 100. In 1994, the CPI was 150. In 1994, a bank teller's annual salary was $22,000. The same job paid $16,000 in 1983. After adjusting for inflation, the real salary of bank tellers   a. Increased by more than the rate of inflation b. Decreased between 1983 and 1994 c. Remained the same between 1983 and 1994 d. Increased between 1983 and 1994 e. The inflation rate was around 33.3% between 1983 and 1994.

Q: In Brazil, the reference base period for the CPI is 2000. By 2016, prices had risen by 187 percent…

A: In 2000, Brazil base year so in 2000, CPI = 100

Q: Calculate inflation if real interest rate is 2% and Nominal Interest rate is 3.3%

A: The information being given is:- Real interest rate = 2% Nominal interest rate = 3.3% Inflation = ?

Q: In Brazil, the reference base period for the CPI is 2000. By 2016, prices had risen by 187 percent…

A: CPI is that the Consumer price level which may be a basket of general goods and services consumed by…

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A: CPI reveals the average price of a typical domestic commodity in the economy. It is a tool to gauge…

Q: please help me with this questions, thank you

A: CPI is measured using fixed basket of goods.

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A: CPI 2002 = 100 as base year Wage in 1975 = $6.50 Wage in 2002 = $17

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A: Real wage between 1926 and 1976 can be calculated as follows:

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A: Nominal GDP is the value of final goods and services produced within the domestic territory…

Q: If the real interest rate is 8% and inflation is 4%  Calculate the nominal interest rate.

A: Below is the following information given in the question: *Real Interest Rate = 8% *Inflation = 4%

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A: Answer in step 2

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Q: n Canada, the reference base period for the CPI is 2002. By 2017, prices had risen by 29.9 percent…

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Q: nlighten at least two reasons of the CPI as an imperfect measure of the co

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Q: In​ Brazil, the reference base period for the CPI is 2000.   By​ 2005, prices had risen by 51…

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Q: Calculate inflation when nominal interest rate is 8% and the real interest rate is 2% Help!

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Q: Given the information in the table below, answer the following questions: Instruction Type A B D IC…

A: To get the value of weighted average CPI: WACPI=Σ (ICi×CPIi)ICi

Q: In an economy the nominal interest rate is 6% and the inflation is 4%. Calculate real interest rate

A: Following are the given values: Nominal interest rate = 6% Inflation  rate = 4%

Q: real interest rate

A: Formula for Real Interest Rate: Real Interest Rate = Nominal Interest Rate - Inflation Rate

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A: # According to the fisher's equation we know that the real interest is given as the difference…

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A: CPI denotes measuring consumer price index.

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A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

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A: Definition, The Consumer Price Index (CPI) is an activity that glances at the weighted ordinary of…