If the nominal interest rate in an economy is always constant at a rate of 10.85% and
Question:
If the nominal interest rate in an economy is always constant at a rate of 10.85% and the CPI for the same economy is 247.3 in 2018 and 266.24 in 2019, what is the real interest rate for this economy in the year 2019? Please enter your answer rounded to the nearest two decimal places and do not include the percentage sign (%). For example, if your answer is 1.258%, you would enter 1.26.
You're given some information about an economy. If the current unemployment rate is 6.1%, the nominal interest rate is 5.92%, and the inflation rate is 1.72%, what is the real interest rate in this economy? Please round to the nearest two decimal places and do not include the percentage sign (%) in your answer. For example, if your answer is 34.652% you would enter 34.65.
Assume the average hourly wage in 1990 was $15 and CPI in the country is 158.51 in 1990 and 213.79 in 2010. What is the value of the 1990 hourly wage in 2010 for this country? Please round to the nearest two decimal places and do not include the dollar sign ($). For example, an answer of $68.754 would be entered as 68.75.