According to the US BLS, the CPI value grew from 186.2 in February 2004 to 258.7 in February 2020. Based on this, calculate the average annual general inflation rate over that period. ○ A. 1.75% B. 2.43% ○ C. 2.08% ○ D. 1.95%
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- Rosalie the Retiree knows that when she retires in 16 years, her company will give her a one-time payment of 20,000. However, if the inflation rate is 6 per year, how much buying power will that 20,000 have when measured in todays dollars? Hint: Start by calculating the rise in the price level over the 16 years.Price of wine Price of coffee 2021 $5 $5 2022 $9 $6 Assuming that wine and coffee consumption are fixed as 10 wine and 20 cups of coffee. Calculate the inflation rate between 2021 and 2022. (Note: the cost of the basket in the base year is 120) 40% 35% 22.5% 28%Assume that the retail price index (RPI) for the UK was 100 in January 1950 and 3246 in January 2015. Calculate the average annual inflation rate.
- The CPI-U (U.S. city average, all items) has the following annual averages: a. For each year from 2014 to 2017 determine the annual inflation rate inpercent to two decimal places. b. Because inflation, like interest, is compounded from period to period (e.g., year to year), estimate the overall annual inflation rate per year from 2013 to 2017. Suggestion! Do not simply average the rates of part (a).An economist predicts that the annual inflation rate will be 7% for 4 years and 6% for the next 6 years. Accordingly, what is the average annual price change forecast for the ten-year period? Select one: a.1.894637 b.1.859389 c.2.003392 d.2.080069 e.2.041727 kClothing R 30 Food Entertainment 2021 Price R 125 R5 2021 Quantity 45 15 8 2022 Price R 140 R 45 R8 2022 Quantity 45 15 8 a) The inflation rate between the two years is 15.11 % b) The CPI in 2019 is 15.11 % c) The CPI in 2021 is 119.8 d) The CPI in 2022 is 119.8
- The following table shows the annual inflation rates in several Latin American countries in October 2015 (unless otherwise noted). Assume that the rates shown continue indefinitely. Country Argentina Brazil Bolivia Nicaragua Venezuela Mexico Uruguay Currency Peso Real Boliviano Gold cordoba Bolivar Peso Peso Inflation Rate(%) 14.3 9.9 4.3 3.0 68.5 2.5 9.2 If an item in Brazil now costs 300 reals, what do you expect it to cost 7 years from now? (Round your answer to the nearest real.) realsSuppose that you borrow $20,000 at 12%, compounded monthly, over 5 years. Knowing that the 12% represents the market interest rate, the monthly payment in actual dollars will be $444.90. If the average monthly general inflation rate is expected to be 0.5%, what is the equivalent equal monthly payment series in constant dollars? A. $386 B. $486 C. $345 D. $445For the 1974-1975 academnic year, the annual tuition of Memphis was S1,500. The current tuition of Memphis is nearly $30,000 for the 2016-2017 academic year. Compute the average inflation rate in Memphis tuition to two decimal places over the years from 1974 to 2016.
- Price per Unit Units Produced 2007 2008 2009 2010 Blueberries 8 $2 $2 $2.1 $2.4 Pineapples 5 $2 $2.5 $2.5 $3 Cheese $2.5 $3 $3.5 $4 If 2008 is the base year, the inflation rate between 2009 and 2010 is Select one: Oa. 17.1% Ob 13.9% C. 16.1% Od. 10.4% 3.b. The price of a product was $0.88 in the year 2008 and $1.28 in the year 2018. What is the average annual inflation rate for this product? (ANSWER CHOICES: 3.82 % or 3.68 % or 3. 98% or 3.42%) c. If the CPI for January 2008 is 208.837 and the CPI for December 2018 is 255.539, what is the average annual inflation rate (per year) from Jan 2008 to Dec 2018? (Hint: Calculate monthly inflation rate and then use annual effective interest rate) (ANSWER CHOICES: 1.75% or 1.85% or 1.95% or 1.65%)Calculate the GDP Deflator in year 2 from in the previous question (it turns out you should get 173). In year 3 you learn that it is 195. What is the inflation rate between year 2 and year 3? A 12.7% 22% 73% 95% D.
