Calculate the CPI of 2009.Calculate the inflation rate of 2009.If your salary in 2008 and 2009 was same, comment on your standard of living in these two years.If the bank interest rate was 9% in 2009, what was the real interest rate in 2009? Show all calculation. Answer must be correct.Answer follow image Imagine that a hypothetical economy produces three items food, clothes and Aluminum and a typical consumer buys food andclothing only. The table below shows the hypothetical results.Price/unit (2009)Price/unit (2008)Tk. 20ItemFoodQty (2009)Qty (2008)Tk. 5100400ClothesTk. 100Tk. 40020AluminumBase year: 2008Tk. 2002Tk. 8008Question|a) Calculate the CPI of 2009.b) Calculate the inflation rate of 2009.c) If your salary in 2008 and 2009 was same, comment on your standard of living in these two years.d) If the bank interest rate was 9% in 2009, what was the real interest rate in 2009?

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ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Calculate the CPI of 2009.
Calculate the inflation rate of 2009.
If your salary in 2008 and 2009 was same, comment on your standard of living in these two years.
If the bank interest rate was 9% in 2009, what was the real interest rate in 2009?

Show all calculation. Answer must be correct.Answer follow image

Imagine that a hypothetical economy produces three items food, clothes and Aluminum and a typical consumer buys food and
clothing only. The table below shows the hypothetical results.
Price/unit (2009)
Price/unit (2008)
Tk. 20
Item
Food
Qty (2009)
Qty (2008)
Tk. 5
100
400
Clothes
Tk. 100
Tk. 400
20
Aluminum
Base year: 2008
Tk. 200
2
Tk. 800
8
Question|
a) Calculate the CPI of 2009.
b) Calculate the inflation rate of 2009.
c) If your salary in 2008 and 2009 was same, comment on your standard of living in these two years.
d) If the bank interest rate was 9% in 2009, what was the real interest rate in 2009?

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