1) In a given year, if the nominal interest rate is 10.4% and the real interest rate is 5.4%, then what percentage is the inflation? 2) Francis purchased in first iPhone in 2008 for $738. CPI in 2008 was 134.6, and 160.1 in 2019. What's the 2008 iPhone cost equivalent value in 2019?

1) In a given year, if the nominal interest rate is 10.4% and the real interest rate is 5.4%, then what percentage is the inflation? 2) Francis purchased in first iPhone in 2008 for $738. CPI in 2008 was 134.6, and 160.1 in 2019. What's the 2008 iPhone cost equivalent value in 2019?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1) In a given year, if the nominal interest rate is 10.4% and the real interest rate is 5.4%, then what percentage is the inflation?

2) Francis purchased in first iPhone in 2008 for $738. CPI in 2008 was 134.6, and 160.1 in 2019. What's the 2008 iPhone cost
equivalent value in 2019?

Please answer both I will rate

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