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Suppose that the nominal interest rate in Norway is 16.1%. In addition, the inflation rate is equal to 8.4%.

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

%

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

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Suppose that the price of Oranges in 1975 is $0.6 and in 1990 it is $2. In addition, you also know that the CPI in 1975 is 140 and in 1990 it is 200.

Given this information, what is the real value of Oranges in 1975?

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

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Suppose that the price of Avocados in 1978 is $1.2 and in 2013 it is $1.2. In addition, you also know that the CPI in 1978 is 250 and in 2013 it is 250.

Given this information, what is the real value of Avocados in 2013?

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

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Suppose that the price of Oranges in 1963 is $0.9 and in 1995 it is $1.6. In addition, you also know that the CPI in 1963 is 200 and in 1995 it is 120.

Given this information, what is the change in the real value of Oranges between 1963 and 1995.

%

Hint

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Suppose that a typical doctor earned 37000 in 1957. In addition, you know that in 1982 a typical doctor earns 61000. Finally, you also know that the CPI in 1957 is 240 and in 1982 is 250.

Given this information, doctor's 1957 salary in 1982 dollars is:

$

Hint

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Suppose that a typical professor earned 28000 in 1954. In addition, you know that in 1982 a typical professor earns 100000. Finally, you also know that the CPI in 1954 is 230 and in 1982 is 250.

Given this information, professor's 1982 salary in 1954 dollars is:

$

Hint

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Suppose that a typical accountant earned 29000 in 1974. In addition, you know that in 2009 a typical accountant earns 76000. Finally, you also know that CPI in 1974 is 100 and in 2009 is 250.

Given this information, the salary of a typical accountant in 2009 relative to 1974 is:

Hint

Box 1: Select the best answer

The price index was 220 in one year and 240 in the next.

What is the inflation rate?

$

Hint

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