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- 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?The average inflation rate is calculated on the basis of the CPI for all the items in the market basket. True or false?If the consumer price index was 100 in the base year and 106 in the following year, then the inflation rate was a. 1.06 percent b. 6 Percent c. 10.6 percent d. 106 percent
- The Consumer Price Index (CPI) increased from 300 to 400 over 15 years. What was the annual inflation rate? Less than 2% Between 2% and 2.5% Between 2.5% and 3% Greater than 3%The Bank of England has an inflation calculator website that uses the UK price index to show how the cost of goods and services has changed since 1750. The website reveals that something that cost £10,000 in 1920 cost £7984 in 1940. What was the average annual inflation rate over that 20-year time period in the early-to-mid 20th century?With the attached, what is the inflation rate spanning between 2013 and 2015.
- Calculate the inflation-adjusted interest rate when the annualized inflation rate is 7% per year and the real interest rate is 4% per year.An agent of a real state company stated that a house he sold in 1980 for $37000 was sold by the buyer for $90000 in 1990. If the increase in price is due to inflation, determine the average rate of inflation between 1980 and 1990.If the annual inflation rate in an economy is i, then $1 borrowed at the beginning of a year will have the same purchasing power as ________ dollars at the end of the year. i (1/i) (1 − i) (1 + i)
