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Suppose that the nominal interest rate in the US is 0.7%. In addition, the inflation rate is equal to 2.6%.

Given this information, what is the real interest rate in the US?

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Suppose that the price of Avocados in 1964 is $1.7 and in 2001 it is $0.5. In addition, you also know that the CPI in 1964 is 80 and in 2001 it is 130.

Given this information, what is the real value of Avocados in 1964?

 

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Suppose that the price of Apples in 1961 is $1.4 and in 1999 it is $1.1. In addition, you also know that the CPI in 1961 is 130 and in 1999 it is 260.

Given this information, what is the real value of Apples in 1999?

 

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Suppose that the price of Apples in 1957 is $0.2 and in 1986 it is $2.8. In addition, you also know that the CPI in 1957 is 250 and in 1986 it is 170.

Given this information, what is the change in the real value of Apples between 1957 and 1986.

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Suppose that a typical accountant earned 40000 in 1971. In addition, you know that in 1985 a typical accountant earns 82000. Finally, you also know that the CPI in 1971 is 210 and in 1985 is 240.

Given this information, accountant's 1971 salary in 1985 dollars is:

$

 

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Suppose that a typical nurse earned 27000 in 1955. In addition, you know that in 1986 a typical nurse earns 86000. Finally, you also know that the CPI in 1955 is 80 and in 1986 is 250.

Given this information, nurse's 1986 salary in 1955 dollars is:

$

 

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Suppose that a typical professor earned 42000 in 1974. In addition, you know that in 1994 a typical professor earns 71000. Finally, you also know that CPI in 1974 is 210 and in 1994 is 220.

Given this information, the salary of a typical professor in 1994 relative to 1974 is:

 

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The price index was 160 in one year and 230 in the next.

What is the inflation rate?

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