Suppose that the nominal interest rate in Mexico is 2.7%. In addition, the inflation rate is equal to 4.7%.

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

%

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity

Suppose that the price of Apples in 1957 is $0.6 and in 1999 it is $1.1. In addition, you also know that the CPI in 1957 is 160 and in 1999 it is 140.

Given this information, what is the real value of Apples in 1957?

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity

Suppose that the price of Apples in 1953 is $1.7 and in 1983 it is $0.9. In addition, you also know that the CPI in 1953 is 200 and in 1983 it is 250.

Given this information, what is the real value of Apples in 1983?

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity

Suppose that the price of Pineapples in 1972 is $0.9 and in 1984 it is $1.2. In addition, you also know that the CPI in 1972 is 130 and in 1984 it is 160.

Given this information, what is the change in the real value of Pineapples between 1972 and 1984.

%

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity

Suppose that a typical professor earned 29000 in 1975. In addition, you know that in 1998 a typical professor earns 65000. Finally, you also know that the CPI in 1975 is 150 and in 1998 is 220.

Given this information, professor's 1975 salary in 1998 dollars is:

$

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity

Suppose that a typical accountant earned 28000 in 1966. In addition, you know that in 1994 a typical accountant earns 60000. Finally, you also know that the CPI in 1966 is 210 and in 1994 is 220.

Given this information, accountant's 1994 salary in 1966 dollars is:

$

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity

Suppose that a typical accountant earned 43000 in 1950. In addition, you know that in 2007 a typical accountant earns 83000. Finally, you also know that CPI in 1950 is 80 and in 2007 is 260.

Given this information, the salary of a typical accountant in 2007 relative to 1950 is:

Hint

Box 1: Select the best answer

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

What is the inflation rate?

%

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity