Income in year 1: $50,000 income in year 2: $52,000 CPI in year 1 = 100 CPI in year 2 = 110 what happen happened to nominal income between year 1 and year 2? What is the real income in year 1 and year 2? what is the inflation rate ?

Income in year 1 : 50,000 income in year 2: 60,000 CPI in year 1 = 100 CPI in year 2 =110 what is the percentage increase in nominal income?

What would $30,000 earned in 1995 be equal to in 2011? The CPis for the two years are 152.4 and 223.47, respectively.

The cost of a gallon of gasoline was $0.57 in 1975.  If the cost of gasoline grew with inflation what would the cost be in 2021?  How does this compare this to the actual cost of gasoline in 2021?  Explain your answer using a meaningful sentence.  CPI in 1975 was 53.8 CPI in 2021 was 270.97

a) Find the inflation rate in 2010, if the 2009 is the base year? b) Find the increase in the cost of living between 2010 and 2011?

Case 1:  income in year 1: $50,000 income in year 2: = $55,000 CPI in year 1 = 100 CPI in year 2 = 110 what happened to nominal income between year 1 and year 2 ?  what is the percentage increase in nominal income ? what is real income in year 1 and year 2?

Eco

The following figures represent the CPI indices (base period 1982–1984 = 100) for urban consumers in U.S. cities. Determine the average general inflation rate between 2001 and 2005. Use the following data: Base Calendar Year CPI 2001 176.9 1 2002 179.8 2 2003 183.8 3 2004 188.0 4 2005 194.6 The average inflation rate between 2001 and 2005 is OA. 3.05% OB. 4.42% OC. 1.93% OD. 2.41%