The consumer price index increased from 220 to 253. If you received a raise equal to 10% during this time period then your real income has decreased. True False

If inflation is currently 2.55% and a bank is lending money at 7.75% interest, what is the real interest rate the bank is earning on its loans?

The nominal interest rate is 10​%. The inflation rate is 2​%.   The real interest rate is equal to

'UK inflation remained unchanged at 2.8 per cent for the second month in a row, according to official data released on Tuesday. The Office for National Statistics data showed fast rising prices for audio-visual equipment, books, newspapers and stationery in the 12 months to March kept consumer price inflation high. Smaller rises in prices for furniture and furnishings and motor fuels, and lower prices for alcohol contained inflationary pressures. A new measure of consumer price inflation which includes housing costs was also unchanged from February, remaining at 2.6 per cent.' The extract describes an example of... (please state A,B,C or D in the answer) A: constant inflation B: decreasing inflation C: increasing inflation D: zero inflation

Suppose the inflation rate was 3% last year and is 1.5% this year.  This means that   Group of answer choices all prices rose 3% this year. on average, prices fell between last year and this year. on average, prices rose more slowly between last year and this year. all prices rose by 1.5% this year.

Calculate the inflation rate when Nominal Interest rate is 7% and real interest rate is 2.5%

Quickly answer please

The real interest rate is the percentage of the amount borrowed that must be paid to the lender in addition to the repayment of the principal. The money interest rate reflects the actual burden to borrowers and the payoff to lenders after accounting for the impact of inflation.  True  or False

Suppose that over the past 10 years your yearly income has risen from $30,000 to $40,000. Over the same period the price index has risen from 150 to 200. What has happened to your real income over the same period? It has decreased. It has remained the same. It has increased. The correct answer cannot be determined because we don't know the base year.

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