The following table shows a person's nominal and real wages for three years, as well as the price level (price index) for each year, using the first year as the base year. Fill in the blanks in the table. Then calculate the annual inflation rate for each year (not including the base year). Instructions: Round your answers to 2 decimal places. Nominal Wage ($) Real Wage ($) Inflation Rate (%) Year Price Level 1 7.00 140 5.00 2. 9.00 7.00 150.00 3 11 160.00 7.50

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Q: 132.) You decide to lend your sister, who has never defaulted on a loan (ie. ρd =0), $1000 for one…

A: Real interest rate can be calculated by using the following formula.

Q: If inflation has been 2% each year for the past 3 years, and over that time your salary has…

A: Solution ,

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A: The rate of inflation is nothing but the rate of change in the consumer price index.  inflation…

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Q: 2017 2018 2019 Price Cost Price Cost Price Cost Quantity in Basket (Dollars) (Dollars) (Dollars)…

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A: 220-200/200*100 20/200*100=10

Q: Consider the following price information:                                 Year 1           Year 2…

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Q: Find the value of inflation if real interest rate is 0 and nominal interest rate is 4.6%

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A: Answer to the question is as follows:

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Q: consumer price index

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A: Answer to the question is as follows :

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A: As question contains more than 3 subparts, first 3 subparts will be answered.

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Q: Calculate real interest rate if Nominal Interest rate is 8.2% and inflation is 6.1%

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