The table below shows the index numbers for the cost of a basket of goods and services in each period. Use this information to calculate the inflation rate since the previous period.Enter the answers in order starting with Period 2. (Round to two decimals.) Index Number Inflation Rate Period 1 225 - Period 2 252 Period 3 262 Period 4 267 Provide your answer below:

The table below shows the index numbers for the cost of a basket of goods and services in each period. Use this information to calculate the inflation rate since the previous period.Enter the answers in order starting with Period 2. (Round to two decimals.) Index Number Inflation Rate Period 1 225 - Period 2 252 Period 3 262 Period 4 267 Provide your answer below:

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 3.7P

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Rosalie the Retiree knows that when she retires in 16 years, her company will give her a one-time payment of 20,000. However, if the inflation rate is 6 per year, how much buying power will that 20,000 have when measured in todays dollars? Hint: Start by calculating the rise in the price level over the 16 years.
The values of nominal prices of a good at the end of each year between 2016 and 2019 (with 2016 being the base year) are listed in the table which also shows the annual rates of inflation: 2016 150 Inflation 5% Year Price 2017 158 x% 2019 179 z% 2018 170 y% where x, y, z are the last three digits of your student code (for example: if a student code is 17071435 then x = 4, y = 3, z = 5). a/ If the index number of the real price for 2020 is 105 and the rate of inflation for this year is 6%, work out the value of nominal price in 2020; b/ If the index number of the nominal price for 2015 is 90, work out the value of real price in 2015.
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For the 1974-1975 academnic year, the annual tuition of Memphis was S1,500. The current tuition of Memphis is nearly $30,000 for the 2016-2017 academic year. Compute the average inflation rate in Memphis tuition to two decimal places over the years from 1974 to 2016.
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The table below shows the index numbers for the cost of a basket of goods and services in each period. Use this information to calculate the inflation rate since the previous period. Enter the answers in order starting with Period 2. (Round to two decimals.) Index Number Inflation Rate Period 1 145 - Period 2 159 Period 3 166 Provide your answer below:
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The table below shows the index numbers for the cost of a basket of goods and services in each period. Use this information to calculate the inflation rate since the previous period. Enter the answers in order starting with Period 2. (Round to two decimals.) Provide your answer below: %; % Period 1 Period 2 Period 3 Period 4 Index Number 168 185 192 196 Inflation Rate