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Suppose that the nominal interest rate in Norway is 19.5%. In addition, the inflation rate is equal to 5.5%.

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

%

 

Hint






Suppose that the price of Avocados in 1970 is $1.8 and in 2010 it is $0.8. In addition, you also know that the CPI in 1970 is 240 and in 2010 it is 220.

Given this information, what is the real value of Avocados in 1970?

 

Hint




Suppose that the price of Oranges in 1979 is $1.4 and in 1994 it is $3. In addition, you also know that the CPI in 1979 is 110 and in 1994 it is 230.

Given this information, what is the real value of Oranges in 1994?

 

Hint




Suppose that the price of Avocados in 1959 is $0.2 and in 2004 it is $1.1. In addition, you also know that the CPI in 1959 is 80 and in 2004 it is 180.

Given this information, what is the change in the real value of Avocados between 1959 and 2004.

%

 

Hint


Suppose that a typical accountant earned 42000 in 1959. In addition, you know that in 2009 a typical accountant earns 51000. Finally, you also know that the CPI in 1959 is 190 and in 2009 is 250.

Given this information, accountant's 1959 salary in 2009 dollars is:

$

 

Hint


Suppose that a typical accountant earned 22000 in 1966. In addition, you know that in 2015 a typical accountant earns 54000. Finally, you also know that the CPI in 1966 is 80 and in 2015 is 230.

Given this information, accountant's 2015 salary in 1966 dollars is:

$

 

Hint




Suppose that a typical nurse earned 41000 in 1951. In addition, you know that in 1982 a typical nurse earns 74000. Finally, you also know that CPI in 1951 is 220 and in 1982 is 270.

Given this information, the salary of a typical nurse in 1982 relative to 1951 is:

 

Hint




The price index was 110 in one year and 230 in the next.

What is the inflation rate?

%

 

Hint