The population of Tunisia was 11.53 million in 2017. The inflation rate in that year was 5.32% in the country. In 2017, the country also had a national debt of $28.22 billion. What was the debt per capita in 20177 O a. $3,555 per person O b.$2,447.5 per person O $2,679 per person Od. $2,323.5 per person
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- The index number representing the price level changes from 110 to 115 in one year and then from 115 to 120 the next year. Since the index number increases by five each year, is five inflation rate each year? Is the inflation rate the same each year? Explain your answer.The prime interest rate is the rate that banks charge their best customers. Based on the nominal interest rates and inflation rates in Table 19.10, in which of the years would it have been best to be a lender? Based on the nominal interest rates and inflation rates in Table 19.10, in which of the years given would it have been best to be a borrower?The total price of purchasing a basket of goods in the United Kingdom over four years is: year 1=940, year 2=970, year 3=1000, and year 4=1070. Calculate two price indices, one using year 1 as the base year (set equal to 100) and the other using year 4 as the base year (set equal to 100). Then, calculate the inflation rate based on the first price index. If you had used the other price index, would you get a different inflation rate? If you are unsure, do the calculation and find out.
- The population of Tunisia was 11.53 million in 2017. The inflation rate in that year was 5.32% in the country. In 2017, the country also had a national debt of $28.22 billion. What was the debt per capita in 2017? O a. $3,555 per person O b. $2,447.5 per person OC $2,679 per person O d. $2,323.5 per personThe government leaders of Nestua believe that corporations in Nestua are not paying their fair share of taxes and raise the corporate income tax rate from 20% to 30%. They are pleased the following year when corporate income tax revenues increase by $3 billion. However, the country experiences unprecedented inflation despite wages remaining steady at their previous year’slevel. After-tax corporate income remains the same as it was the previous year. Who bears theincidence of this corporate income tax increase in Nestua?What is the inflation rate in 2019? Has it increased or decreased since 2018 and by how much? If the nominal interest rate in 2019 is 7%, what would be the change in purchasing power of $1,000 deposited in January 219 by the end of the year? Please explain if it has increase or decreased since 2018 and by how much? also what if inflation rate was higher then purchasing power?
- The average annual cost(tuition, fees, and room and board) at four-year private universities rose from $6,070in 1980 to $29,257 in 2004. Calculate the percentage rise in cost from 1980 to2004, and compare it to the overall rate of inflation as measured by the Consumer Price Index. The Consumer Price Index for 1980 is82.6and the Consumer Price index for 2004 is 188.9.The percentage rise in cost from 1980 to 2004 is %??(Round to the nearest tenth as needed.)The “prime” interest rate is the rate that bankscharge their best customers. Based on the nominalinterest rates and inflation rates in Table 19.10, inwhich of the years would it have been best to be alender? Based on the nominal interest rates and inflationrates in Table 19.10, in which of the years given wouldit have been best to be a borrower?9.2 Find the real amounts (with today as the base year) corresponding to the current amounts shown below for a 4 percent inflation rate. a. $400 three years from now b. $400 three years ago c. $10 next vear d. $350 983 in 10 years from now e. £l one thousand years ago f. $1 000 000 000 three hundred years from now
- (%) 10 9 8 7 6- 5 4 3 2 L 0 SRPC₁ 2 1 2 percent 1 percent 3 percent 0 percent d 3 4 LRPC h a 5 SRPC3 m SRPC₂ 9 6 7 8 10 Unemployment (%) Refer to Figure 17-4. Along SRPC2, what is the expected rate of inflation?Bike Washer car TV Yr1 300 1560 5600 52 Yr2 310 1570 5610 53 Y3 325 1585 5650 54 Yr4 350 1610 5700 55 Using the information above -Give the consumer price index for years one, two, three, and four -State what the percent rate of change in the CPI/inflation will be from year 1 to year 2, from year 2 to year 3, from year 3 to year 4. (round to the whole number for all calculations and final answers)Real Income Joshua Vermier of Sacramento, California, received a raise after his first year on the job to $44,200 from his initial salary of $40,000. What was Joshua's raise stated as a percentage? Inflation averaged 2.4 percent for the year. Round your answer to one decimal place. What was his real income after the raise? Round your answer to nearest cent. What was his real raise stated as a percentage? Round your answer to one decimal place. %