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Question 1

Suppose that the nominal interest rate in Slovenia is 7.1%. In addition, the inflation rate is equal to 7.8%.

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

%

 

Hint






Question 2

Suppose that the price of Pineapples in 1966 is $0.1 and in 2014 it is $0.6. In addition, you also know that the CPI in 1966 is 110 and in 2014 it is 260.

Given this information, what is the real value of Pineapples in 1966?

 

Hint




Question 3

Suppose that the price of Pineapples in 1960 is $0.7 and in 1997 it is $1.2. In addition, you also know that the CPI in 1960 is 100 and in 1997 it is 270.

Given this information, what is the real value of Pineapples in 1997?

 

Hint




Question 4

Suppose that the price of Avocados in 1963 is $1.6 and in 1992 it is $2.7. In addition, you also know that the CPI in 1963 is 250 and in 1992 it is 130.

Given this information, what is the change in the real value of Avocados between 1963 and 1992.

%

 

Hint


Question 5

Suppose that a typical nurse earned 41000 in 1957. In addition, you know that in 1995 a typical nurse earns 96000. Finally, you also know that the CPI in 1957 is 210 and in 1995 is 250.

Given this information, nurse's 1957 salary in 1995 dollars is:

$

 

Hint


Question 6

Suppose that a typical nurse earned 39000 in 1966. In addition, you know that in 1998 a typical nurse earns 87000. Finally, you also know that the CPI in 1966 is 150 and in 1998 is 260.

Given this information, nurse's 1998 salary in 1966 dollars is:

$

 

Hint




Question 7

Suppose that a typical professor earned 24000 in 1970. In addition, you know that in 1989 a typical professor earns 99000. Finally, you also know that CPI in 1970 is 210 and in 1989 is 240.

Given this information, the salary of a typical professor in 1989 relative to 1970 is:

 

Hint




Question 8

The price index was 130 in one year and 270 in the next.

What is the inflation rate?

%

 

Hint