Question
Do Question 19, the article is in Google 18. Refer to the article shown below titled The Nixon Shock Heard Round the World. The graph
Do Question 19, the article is in Google
18. Refer to the article shown below titled The Nixon Shock Heard Round the World. The graph shows the value of a dollar, or $1, at the end of 1970 decreased in real terms to $0.18 by the middle of 2011.
Assume the inflation rate was zero from the middle of 2011 to the end of 2011 so that the purchasing power of the dollar remained at $0.18 at the end of 2011. What was the average inflation rate in the U.S. over the 41 years shown in the table? Round the answer to one one-hundredth of a percent i.e. 1 basis point. Average Inflation Rate:
19. The article referenced in question 18 also notes that the price of gold rose from $35 a troy ounce to $800. But it reached $800 at the end of 1979. What was the compound average annual return from gold during those nine years? Round the answer to one one-hundredth of a percent i.e. 1 basis point. [This is when the Golden Rule, which had been Do unto others as you would have them do unto you, was changed to He who has the gold makes the rules.] Compound Average Annual Return:
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