2. (40 POINTS total) You will need to use the following links to answer this question. Nominal one year interest rate (G51) Price index CPI Expected Ination We are going to estimate exante and ex-post one year real rates of interest. Note: Expected ination data is one year hence - so for example, expected ination for the period from July 2010 to July 2011 is given in July 2010 and if you View the data, the expected ination during this time is 2.7% = rte. a) (5 points) Let's go back 20 years to July 2001. Calculate the ex-ante real rate of interest between July 2001 and July 2002. b) (5 points) Now calculate the ex-post real rate of between July 2001 and July 2002. c) (5 points)Why are your answers in part a) and b) different and under what conditions would the answers in a) and b) be the same? Explain. d) (5 points) Calculate the most recent ex-ante real rate of interest (this would be from July 2021 to July of 2022. e)(5 points) Give two reasons why this most recent ex-ante rate is so low! Click Here for data on the Minimum Wage f) (5 points) Using the MW link, what is the rate of ination between 1974 and 1975? (please take the ination rate to two decimals) g) (5 points) Using the MW link , what would the nominal minimum wage have to be in 2015 to equal the @ purchasing power of the minimum wage in 1969? h)(5 points) (show all work) When I was in Orlando, Florida back in the summer of 1988 I would do some side jobs in plastering/stucco. I remember that when making bids, after accounting for all the material etc, I would plan on making $200 per day. Let's suppose that this was in July of 1988. Using the CPI index below, calculate what I would need to make now, as defined by July 2021 (the most recent data), to equal the purchasing power of $200 / day back in July of 1988