An economist predicts that the annual inflation rate will be 6% for 4 years and 8% for the next 6 years. Accordingly, what is the average annual price change forecast for the ten-year period?

Using 1913 as the base year with a value of 100,the ENR construction cost index (CCI) for October2005 was 7562.50. For October 2006, the CCIvalue was 7882.53. (a) What was the inflation ratefor construction for that one-year period? (b) Theindex value for January 2007 was 7879.58. Whatwas the inflation rate over the period October2006 and January 2007?

Find the real amounts (with today as the base year) corresponding to the current amounts shown below for a 4% inflation rate. (a) $400 three years from now (b) $400 three years ago (c) $10 next year (d) $350983 in 10 years from now

If you invest S1000 now, what is the future dollars for 10 years, when IR is 6% and inflation rate is 4%. "Type the final answer in the box without the currency sign"

(i) (ii) (iii) Given a consumer price index of 154.5 in the year 2019 and 165.3 in 2020, calculate the rate of inflation in 2020. The average price of a car was £35,650 in 2019. Calculate the revised price in 2020 based on the rate of inflation calculated in part (i). Assume that in 2019 Robert has invested £2000 in a bank account, which pays an annual interest rate of 6%. After a year has passed, he is paid £120 in interest. Explain whether Robert is now better off than he was the year before based on your answer in part (i).