"Everyone is hurt by inflation." That statement is: A. Correct B. Incorrect because a price increase to one person is higher income to another C. Incorrect because people buy the same bundle of goods D. Incorrect because this statement concerns real income and not nominal income

3a. Suppose that the consumer price index was 100 on January 1st, 2000 and 110 on January 1st, 2001. Determine the inflation rate between the two dates. 3b. Ruben earned a salary of $50,000 in 2015 and $60,000 in 2018. The consumer price index was 150 in 2015 and 200 in 2018. What has happened to Ruben's nominal and real income from 2015 to 2018?

question attached in ss below  thanks for helpal hepahpohk aekoh hk ew

The table below shows the annual change in the average nominal wage and inflation rate since 2008. a. Compute the percentage change in real income for each year shown in the table. Instructions: In part a, round your answers to two decimal places. In parts b and c, enter your answers as a whole number. If entering a negative number, include a minus sign. Percentage Changes in Nominal Income and Prices Year 2008 2009 2010 2011 2012 2013 Annual Inflation Rate (percent) 3.78% -0.39 1.6 3.09 2.02 1.42 Annual Nominal Wage Growth (percent) 0.31% -1.1 -0.69 1.27 2.46 2.07 Annual Real Wage Growth (percent) b. Of the years listed above, the paycheck of the average worker declined in c. Of the years listed above, the purchasing power of the average worker declined in of the six years. d. The average real income of households can increase whether the nominal wage increases or decreases of the six years.

52Flms.mhe... ☆ Saved Help Save & Some wages, tax brackets, interest rates, and government benefits are based on the CPI. True or False False True

ces For each of the following years, determine the real interest rate. Find the difference between this rate and the desired real interest rate and explain how any difference affects borrowers and lenders. Write out percentage rates as whole numbers e.g. 5%. a. In year 1, the nominal interest rate is 7%, the inflation premium on loans is 2%, and actual rate of inflation is 3%. The real interest rate is [ %, the desired real interest is b. In year 2, the nominal interest rate is 8%, the inflation premium The real interest rate is%, the desired real interest is %, borrowers are [(Click to select) and lenders are [(Click to select) is 3%, and the actual rate of inflation is 1%. ]%, borrowers are [(Click to select) and lenders are [(Click to select) is 1%. c. In year 3, the nominal interest rate is 6%, the inflation premium is 1%, and the actual rate of inflation The real interest rate is %, the desired real interest is %, borrowers are (Click to select) and lenders are (Click to select)