EBK MACROECONOMICS
EBK MACROECONOMICS
10th Edition
ISBN: 9780134896571
Author: CROUSHORE
Publisher: VST
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Chapter 1, Problem 3WWMD
To determine

The important times where the United States has experienced high and stable levels of inflation.

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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 2014 123.4 i) Calculate the inflation rate in 2010, 2011, 2012, 2013, and 2014. 11) What is the inflation rate from 2009 to 2014? iii) If you held $1,000,000 in a safety box at home starting in 2009, what would its present value be in 2014?
The attached table gives the purchases of a typical consumer in Colorado Springs. These consumers purchase only restaurant meals and parking. The year 2010 is the reference base period. Is there inflation, deflation, or no change in prices in Colorado Springs from 2010 to 2011?
Suppose we have the following consumer price index (CPI) data for a nation: Year CPI 2016 225.09 2017 216.48 2018 224.20 Calculate the inflation rate from 2017 to 2018.  Answer this as a percentage and round your answer to two digits after the decimal without the percentage. ex. If you found the inflation rate to be 5.125%, answer 5.13. Be careful here.  The table looks the same as the previous question but the numbers are different! Correct!
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