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Question 1

Suppose that the nominal interest rate in Slovenia is 0.2%. In addition, the inflation rate is equal to 7.6%.

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

%

 

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Question 2

Suppose that the price of Apples in 1953 is $2 and in 1993 it is $1.9. In addition, you also know that the CPI in 1953 is 210 and in 1993 it is 120.

Given this information, what is the real value of Apples in 1953?

 

Hint




Question 3

Suppose that the price of Apples in 1963 is $0.5 and in 1982 it is $2. In addition, you also know that the CPI in 1963 is 90 and in 1982 it is 250.

Given this information, what is the real value of Apples in 1982?

 

Hint




Question 4

Suppose that the price of Apples in 1980 is $1.6 and in 2006 it is $1.8. In addition, you also know that the CPI in 1980 is 200 and in 2006 it is 240.

Given this information, what is the change in the real value of Apples between 1980 and 2006.

%

 

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Question 5

Suppose that a typical doctor earned 30000 in 1979. In addition, you know that in 2012 a typical doctor earns 50000. Finally, you also know that the CPI in 1979 is 250 and in 2012 is 260.

Given this information, doctor's 1979 salary in 2012 dollars is:

$

 

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Question 6

Suppose that a typical nurse earned 31000 in 1970. In addition, you know that in 1986 a typical nurse earns 63000. Finally, you also know that the CPI in 1970 is 120 and in 1986 is 270.

Given this information, nurse's 1986 salary in 1970 dollars is:

$

 

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Question 7

Suppose that a typical nurse earned 43000 in 1979. In addition, you know that in 2008 a typical nurse earns 64000. Finally, you also know that CPI in 1979 is 220 and in 2008 is 250.

Given this information, the salary of a typical nurse in 2008 relative to 1979 is:

 

Hint




Question 8

The price index was 140 in one year and 270 in the next.

What is the inflation rate?

%

 

Hint