Suppose that the nominal interest rate in China is `4.8%`. In addition, the inflation rate is equal to `8.8%`.

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

`%`

Hint

Suppose that the price of Apples in 1966 is `$0.7` and in 1995 it is `$2.9`. In addition, you also know that the CPI in 1966 is `220` and in 1995 it is `120`.

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

Hint

Suppose that the price of Apples in 1959 is `$1.8` and in 1998 it is `$2.7`. In addition, you also know that the CPI in 1959 is `90` and in 1998 it is `260`.

Given this information, what is the real value of Apples in 1998?

Hint

Suppose that the price of Apples in 1971 is `$2` and in 2013 it is `$1.6`. In addition, you also know that the CPI in 1971 is `120` and in 2013 it is `120`.

Given this information, what is the change in the real value of Apples between 1971 and 2013.

`%`

Hint

Suppose that a typical doctor earned `$29000` in 1968. In addition, you know that in 2010 a typical doctor earns `$95000`. Finally, you also know that the CPI in 1968 is `170` and in 2010 is `250`.

Given this information, doctor's 1968 salary in 2010 dollars is:

`$`

Hint

Suppose that a typical professor earned `$41000` in 1961. In addition, you know that in 2016 a typical professor earns `$92000`. Finally, you also know that the CPI in 1961 is `120` and in 2016 is `260`.

Given this information, professor's 2016 salary in 1961 dollars is:

`$`

Hint

Suppose that a typical professor earned `$47000` in 1976. In addition, you know that in 2006 a typical professor earns `$59000`. Finally, you also know that CPI in 1976 is `250` and in 2006 is `270`.

Given this information, the salary of a typical professor in 2006 relative to 1976 is:

Hint

The price index was `250` in one year and `250` in the next.

What is the inflation rate?

`%`

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
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Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
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Box 3: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
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Box 4: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
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Box 5: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
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Box 6: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
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Box 7: Select the best answer

Box 8: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
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