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

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 37P: Rosalie the Retiree knows that when she retires in 16 years, her company will give her a one-time...

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Question

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

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