The following are the CPI values in Hong Kong for 2009 to 2014 (recorded in December): Year CPI 2009 100 2010 102.9 2011 108.8 2012 112.9 2013 117.7 i) Calculate the inflation rate in 2010, 2011, 2012, 2013, and 2014. ii) What is the inflation rate from 2009 to 2014? 2014 123.4 ii) If you held $1,000,000 in a safety box at home starting in 2009, what would its present value be in 2014?

The following are the CPI values in Hong Kong for 2009 to 2014 (recorded in December): Year CPI 2009 100 2010 102.9 2011 108.8 2012 112.9 2013 117.7 i) Calculate the inflation rate in 2010, 2011, 2012, 2013, and 2014. ii) What is the inflation rate from 2009 to 2014? 2014 123.4 ii) If you held $1,000,000 in a safety box at home starting in 2009, what would its present value be in 2014?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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