For the following problem, assume that the current year's CPI is 110. a. Calculate the inflation rate. . If the current year's market basket is $200, and CPI is 110, find the value of the base year's market basket. Use the formula for CPI and show your work. c. Given the inflation rate from part (a), if workers received a 10% increase in their nominal wages from the base year, have their real wages increased, decreased, or stayed the same? Explain. d. If the CPI increased unexpectedly, determine whether the following individuals would benefit, be hurt, or unaffected. i. A borrower with a fixed interest rate loan. ii. A person who saves money in a jar buried in the backyard. e. If the CPI decreased as expected, determine whether the following individuals would benefit, be hurt, or unaffected. i. A lender who loaned out money as a fixed interest rate loan. Realominal interest rate - for each of the following problems calculate the missing value: 6. Nominal Interest Rate = 8% Real Interest Rate = 7% Inflation Rate = | |6 7. Nominal Interest Rate = 6% Real Interest Rate = S . |0 Inflation Rate = 1% 8. Nominal Interest Rate =_ 60/0 Real Interest Rate = 4% Inflation Rate = 2% 9. Nominal Interest Rate = 6% Real Interest Rate = 11% Inflation Rate = - 50|0 10. Nominal Interest Rate = 3% Real Interest Rate = |0 Inflation Rate = 2%