he CPI in 1974 equaled 0.49. The CPI in 1975 equaled 0.54. Use the CPI from both years to answer he following two questions. .) The rate of inflation between 1974 and 1975 was [ Select ] percent. .) Let's say that average family incomes increased by 8% from 1974 to 1975 in nominal terms. This mplies that the average real income for families in 1975 [Select ] , compared to neir purchasing power in 1974.

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?

In 1980 the price of a microwave oven was $450 and CPI was 82. Today the price of a microwave overn is $100 and CPI is 259. Round to two decimal places. What is the 1980 price of a microwave oven measured in todays dollars? S What is todays price of a microwave oven measured in 1980 dollars? $

3. In the country below, only four items are produced, and all of the four are part of the CPI basket. C. e. Items Webcams Surgical masks Disinfectant wipes Dumbbells a. What is the nominal GDP growth rate between 2019-2020, and between 2020-2021? b. Given only the information you have, would real GDP growth be positive or negative between 2020 and 2021. Explain your answer. What is the CPI in each year if the base year is 2019? Assume all four items have the same weight in the CPI basket equal to one unit each d. Using the CPI as the price index, what is the inflation rate between 2019 and 2020? And between 2020-2021? f. 2019 2020 2021 Quantity | Price | Quantity Price | Quantity | Price 10 $20 15 $25 14 $22 100 $1 120 $3 110 $2 100 $5 $8 110 $7 10 $40 $50 10 $45 120 10 Without any calculation, would using the GDP deflator instead of CPI in (d) result in a higher or lower inflation rate? Explain your answer. What is the GDP deflator, how is it measured, and why is it considered a…

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6. The following table shows the CPI for each year from 2009 to 2021 Year CPI 2009 172 2010 177 2011 189 2012 200 2013 212 2014 220 2015 220 2016 230 2017 250 2018 255 2019 270 2020 280 2021 300 (a) In 2010, I deposited $380 in by interest bearing saving account. In 2021, in my account I had $412 expressed in 2013 prices. What is the average annual nominal interest rate I earned on my deposit from 2010-2021?   (b) In another account, I deposited $1200 in an interest bearing saving account in 2008. I held the money in the account from 2008-2014. The annual real interest rate I earned on the account was r = 0. How much did I have in my account in 2014 (the nominal value)

. Let the base year used for calculating CPI be 2010. • CPI in 2019 equals 130. What nominal amount in 2019 has the same purchasing power as receiving $3000 in the 2010? Do not enter the $ sign. Round to one decimal place. Answer: ng Popcorn Ca

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9. If the nominal GDP is $2 trillion in 2010 and $6 trillion in 2020, and if the CPI is 300 in 2010 and 900 in 2020, ihen what is the feal 2020 GDP in 2010 dollars? $6 trillion. b.) $4 trillion. 32 tnillion d. $1 trillion a. C. e. Not enough infomation to answer the question.