Using the following information about the CPI for an economy, what is the inflation rate for 2010? (growth rate of CPI from 2009 2010)? 2009: 190 2010: 195 2011: 204 Hint: enter your answer without a % sign and round to two decimal places Example: if the answer is 8.94486654%, enter 8.94
Using the following information about the CPI for an economy, what is the inflation rate for 2010? (growth rate of CPI from 2009 2010)? 2009: 190 2010: 195 2011: 204 Hint: enter your answer without a % sign and round to two decimal places Example: if the answer is 8.94486654%, enter 8.94
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Using the following information about the CPI for an economy, what is the inflation rate for 2010?
(growth rate of CPI from 2009 - 2010)?
2009: 190
2010: 195
2011: 204
Hint: enter your answer without a % sign and round to two decimal places
Example: if the answer is 8.94486654%, enter 8.94](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdfe106db-142a-47b4-961f-7de69be8d673%2Fb34b76aa-40c6-4acf-b7a8-44f6b4d2b00e%2Fmy98zyu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using the following information about the CPI for an economy, what is the inflation rate for 2010?
(growth rate of CPI from 2009 - 2010)?
2009: 190
2010: 195
2011: 204
Hint: enter your answer without a % sign and round to two decimal places
Example: if the answer is 8.94486654%, enter 8.94
![If the real interest rate (rreal) you pay on a one-year loan ends up being 7%, and inflation was 6% over
that year, what is the nominal interest rate on your loan?
Hint: enter your answer without a % sign
Example: if the answer is 4%, enter 4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdfe106db-142a-47b4-961f-7de69be8d673%2Fb34b76aa-40c6-4acf-b7a8-44f6b4d2b00e%2Fdisaqps_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If the real interest rate (rreal) you pay on a one-year loan ends up being 7%, and inflation was 6% over
that year, what is the nominal interest rate on your loan?
Hint: enter your answer without a % sign
Example: if the answer is 4%, enter 4
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