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Question 1

Suppose that the nominal interest rate in Japan is 13.3%. In addition, the inflation rate is equal to 0.8%.

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

%

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Question 2

Suppose that the price of Avocados in 1975 is $1.2 and in 2016 it is$1.9. In addition, you also know that the CPI in 1975 is 230 and in 2016 it is 260.

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

Hint

Question 3

Suppose that the price of Oranges in 1974 is $1 and in 1993 it is$1.7. In addition, you also know that the CPI in 1974 is 140 and in 1993 it is 250.

Given this information, what is the real value of Oranges in 1993?

Hint

Question 4

Suppose that the price of Oranges in 1978 is $1.5 and in 2000 it is$2.2. In addition, you also know that the CPI in 1978 is 230 and in 2000 it is 190.

Given this information, what is the change in the real value of Oranges between 1978 and 2000.

%

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Question 5

Suppose that a typical professor earned 40000 in 1952. In addition, you know that in 1986 a typical professor earns 61000. Finally, you also know that the CPI in 1952 is 230 and in 1986 is 260.

Given this information, professor's 1952 salary in 1986 dollars is:

$Hint Question 6 Suppose that a typical nurse earned 46000 in 1967. In addition, you know that in 2014 a typical nurse earns 81000. Finally, you also know that the CPI in 1967 is 140 and in 2014 is 230. Given this information, nurse's 2014 salary in 1967 dollars is:$

Hint

Question 7

Suppose that a typical nurse earned 34000 in 1955. In addition, you know that in 1990 a typical nurse earns 94000. Finally, you also know that CPI in 1955 is 80 and in 1990 is 260.

Given this information, the salary of a typical nurse in 1990 relative to 1955 is:

Hint

Question 8

The price index was 100 in one year and 230 in the next.

What is the inflation rate?

%

Hint