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Question 1

Suppose that the nominal interest rate in Slovenia is 7.4%. In addition, the inflation rate is equal to 13.8%.

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

%

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Question 2

Suppose that the price of Oranges in 1968 is $1.7 and in 2006 it is$1. In addition, you also know that the CPI in 1968 is 80 and in 2006 it is 260.

Given this information, what is the real value of Oranges in 1968?

Hint

Question 3

Suppose that the price of Pineapples in 1965 is $1.7 and in 1982 it is$2.3. In addition, you also know that the CPI in 1965 is 100 and in 1982 it is 160.

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

Hint

Question 4

Suppose that the price of Oranges in 1956 is $1.9 and in 2006 it is$1.7. In addition, you also know that the CPI in 1956 is 160 and in 2006 it is 170.

Given this information, what is the change in the real value of Oranges between 1956 and 2006.

%

Hint

Question 5

Suppose that a typical nurse earned 36000 in 1964. In addition, you know that in 1996 a typical nurse earns 89000. Finally, you also know that the CPI in 1964 is 210 and in 1996 is 250.

Given this information, nurse's 1964 salary in 1996 dollars is:

$Hint Question 6 Suppose that a typical nurse earned 39000 in 1960. In addition, you know that in 2016 a typical nurse earns 57000. Finally, you also know that the CPI in 1960 is 120 and in 2016 is 220. Given this information, nurse's 2016 salary in 1960 dollars is:$

Hint

Question 7

Suppose that a typical professor earned 49000 in 1954. In addition, you know that in 1986 a typical professor earns 91000. Finally, you also know that CPI in 1954 is 170 and in 1986 is 220.

Given this information, the salary of a typical professor in 1986 relative to 1954 is:

Hint

Question 8

The price index was 110 in one year and 260 in the next.

What is the inflation rate?

\$

Hint