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please explain the questions bellow: 1: Find the website of the World Bank (https://data.worldbank.org/indicator/FP.CPI.TOTL) and find data on the CPI. What trend in the Index
please explain the questions bellow:
1: Find the website of the World Bank (https://data.worldbank.org/indicator/FP.CPI.TOTL)
and find data on the CPI. What trend in the Index and is by how much has the Index risen
over the past few years?
2: In 2018 the nominal rate of interest was 7 percent. The rate of inflation was 2.7 percent. How much was the real interest rate?
3: Which do you think has a greater effect on the CPI: a 10% increase in the price of
chicken or a 10% increase in the price of chocolate ? Why?
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