5. Suppose your father earned a salary of 15000$ in 2010. If the CPI is 31 in 2010 and 220 in 2022 than the value of your father's salary in 2022 is: 2113.63 106451.6 3300000 465000
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- Trish earned a salary of $60,000 in 2002 and $80,000 in 2006. The consumer price index was 177 in 2002 and 221.25 in 2006. Trish's 2002 salary in 2006 dollars is $75,000; thus, Trish's purchasing power increased between 2002 and 2006. O $75,000; thus, Trish's purchasing power decreased between 2002 and 2006. $85,000; thus, Trish's purchasing power increased between 2002 and 2006. $85,000; thus, Trish's purchasing power decreased between 2002 and 2006.wing faci 13. In 2018 your annual salary was $54,370 per year and the CPI was 133.4. In 2022 your annual salary was $59,140 and the CPI was 151.2. a. What should your annual salary have been in 2022 if your 2018 annual salary increased at the rate of inflation from 2018 to 2022? Round your answer to the nearest dollar. b. By what percent was your actual 2022 salary above or below your inflation adjusted salary from part (a)? You must specifically state whether it was above or below the inflation adjusted salary. (answer as a % to 2 decimals)13. In 2018 your annual salary was $54,370 per year and the CPI was 133.4. In 2022 your annual salary was $59,140 and the CPI was 151.2. a. What should your annual salary have been in 2022 if your 2018 annual salary increased at the rate of inflation from 2018 to 2022? Round your answer to the nearest dollar. b. By what percent was your actual 2022 salary above or below your inflation adjusted salary from part (a)? You must specifically state whether it was above or below the inflation adjusted salary. (answer as a % to 2 decimals)
- pads/Assignment_Chapter%204%20(4).pdf F3 E D Q Search DII F4 $ R F 1 2 / 3 | - The average nominal incomes earned in Eturia and the CPI are shown in the table below. 2018 $26,700 105 Nominal income CPI (2002= 100) FS to the nearest dollar. Calculate real income for each year. Enter your responses in the table above. Round your answers rounded to one decimal place, in the table above. b. By what percentage did real incomes rise in the years 2019 and 2020? Enter your responses V 4. decimal place. The information in the table below is for the economy of Mensk. Round your responses below to one 100% + | Working-age population Number of people in full-time employment Number of people in part-time employment Number of people unemployed Number of discouraged workers % 5 € a.What is the unemployment rate? b. What is the participation rate? 5. The table below shows national data for the economy of Westfall. Round your intermediate 9 @ T F6 6 B DELL Y H 8 & 7 F8 U N * 00 8 J F9 prt sc 2019…. Suppose that a typical doctor earned $41,000 in 1978. In addition, you know that in 1990 atypical doctor earns $76,000. Finally, you also know that the CPI in 1978 is 210 and in 1990 is230.Given this information, a doctor's 1978 salary in 1990 dollars is $13. In 2018 your annual salary was $54,370 per year and the CPI was 133.4. In 2022 your annual salary was $59,140 and the CPI was 151.2. a. What should your annual salary have been in 2022 if your 2018 annual salary increased at the rate of inflation from 2018 to 2022? Round your answer to the nearest dollar. b. By what percent was your actual 2022 salary above or below your inflation adjusted salary from part (a)? You must specifically state whether it was above or below the inflation adjusted salary. (answer as a % to 2 decimals)
- In 1984 Michael Jordan got a contract with Nike that was worth $500,000 a year, for the next 5 years (1984-1988, inclusive). How much the contract would worth, year-by-year, if we express it in 2018 dollars? Use the following data for this calculation: Year 1984 1985 1986 1987 1988 2018 CPI 103.9 107.6 109.6 113.6 118.3 251.631Sally worked hard all year and put her savings into a mutual fund that paid a nominal interest rate of 6 percent a year. During the year, the CPI increased from 175 to 182 . What was the real interest rate that Sally earned? Sally earned a real interest rate of enter your response here percent per year. >>> Answer to 1 decimal place. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign.In 1997, the federal minimum wage was $5.15, today is $7.25. The CPI was 156.9 at the beginning of 1997, now it stands at 260.28. The nominal wage growth during this period was Type your answer here %.* The inflation rate during this period was Type your answer here %.* (*) Write your answer in percentage. If your answer is 0.6435, write 64.35. Has the minimum wage kept up with inflation? (Answer yes or no) Write your response here...
- In a country, It has been reported that the average graduate salary was AED 200,000 in 2020 compared to AED 150,000 in 2010. The CPI was 1.00 in 2020 compared to 1.00 in 2010. This information is presented in the following table: 2010 2020 Nominal Salary in AED CPI Required: 150,000 200,000 1.00 1.00 A. Calculate real salary for 2010 B. Calculate real salary for 2020 c. Calculate the growth rate in NOMINAL income between 2010 and 2020 D. Calculate the growth rate in REAL income between 2010 and 2020 E Calculate the inflation rate between 2020 and 2020 F. Explain the impact of the change in CPI on the change in nominal salarySuppose Billy started working at a graphic design firm in 2014 at a nominal wage of $16 per hour. In that year, the CPI was 172. Billy was guaranteed a cost of living adjustment of $2 every two years. His nominal wage will increase $2/hour every two years. Fill in the table to show the change in his real wage. Round to two decimal places.V2. If your nominal wage rises from $10 to $10.50 per hour and the CPI is 5%, what happens to your real wage? Illustrate mathematically. (Hint: Remember to add 1.0 to .05)
