Last year, a country had a NGDP of $4 million, and this year it had a NGDP of $4.2 million. During the last year, inflation was 2%. What was the growth in RGDP? 2% 3% -3% 5%

According to the CPI the inflation rate last year was 4.5%. Mariette's income increased by 5%. What has happened to Mariette's standard of living? A) It falls B) It rises C) It is unchanged D) Unknown

Consider the following: Price Index in 2017 86 Price Index in 2018 100 Price Index in 2019 108 Price Index in 2020 120 Price Index in 2021 146 a. The base year is 2018 b. Calculate the inflation rate from 2018 to 2019. 8 % (Enter your response as a percentage rounded to two decimal places.) c. Calculate the inflation rate from 2019 to 2020. 11.11 % (Enter your response as a percentage rounded to two decimal places.) d. Assume the cost of a market basket in 2018 is $2,137.0. (Enter your responses rounded to one decimal place.) Calculate the cost of the same basket of goods and services in 2017. Calculate the cost of the same basket of goods and services in 2021.

Q1 An economy produces only 2 final goods: hamburgers and bicycles. In 2019, 1000 hamburgers were produced and sold at £8 per unit, while 200 bicycles were produced and sold at £200 per unit. In 2020, 800 hamburgers were produced and sold at £8.20 per unit, while 225 bicycles were produced and sold at £230 per unit. Using this information, the aggregate inflation rate for this economy between 2019 and 2020 is: досто + 40000 A. 56.9% B. 40.0% C. 42.2% D. 25.0%