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1. If the CPI increased from 200 to 220 between 2016 and 2017, while the nominal interest rate was 5% in 2017, what is the

1. If the CPI increased from 200 to 220 between 2016 and 2017, while the nominal interest rate was 5% in 2017, what is the real interest rate in 2017? 2. In 1954, Mickey Mantle earned $21,000 playing for the New York Yankees. The CPI in 1954 was 26.9, and the CPI in 2010 was 218.06. What is Mickey Mantle's 1954 salary in 2010 dollars? 3. List and explain 3 problems that make the CPI an imperfect measure of the cost of living

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