Question: Please answer all the parts! Please make your answers completely on all questions a. The CPL in 1990 was 130.7 What does this number mean?

 Please answer all the parts! Please make your answers completely on

Please answer all the parts!

Please make your answers completely on all questions a. The CPL in 1990 was 130.7 What does this number mean? b. Calculate the annual rates of inflation for 1980 and 2014. c. Calculate the overall rate of inflation for the decade of the 1980's (1980 to 1989). d. When Mr. Chips began his teaching career in 1960, his salary was $10,000. per year. At his retirement party in 2004, Mr. Chips was euphoric that during his long teaching career his salary had increased six-fold to $60,000. Was Mr. Chips' euphoria about his six-fold salary increase justified? e. In 2010 Charlene bought a new car for $20,000. using a 5 year car loan that had a fixed nominal interest rate of 10%. What was the real interest rate on this loan in 2011? f. What was the percentage increase in social security benefits received by senior citizens in the year 2013? Was this increase fair compensation for the increase in the cost of living experienced by senior citizens? g. On Annual 188.9 Year 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 Annual 29.6 29.9 30.2 30.6 31 31.5 32.4 33.4 34.8 36.7 38.8 Year 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 Annual 40.5 41.8 44.4 49.3 53.8 56.9 60.6 65.2 72.6 82.4 90.9 Year 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 Annual 96.5 99.6 103.9 107.6 109.6 113.6 118.3 124 130.7 136.2 140.3 Year 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Annual Year 144.5 2004 148.2 2005 152.4 2006 156.9 2007 160.5 2008 163 2009 166.6 2010 172.2 2011 177.1 2012 179.9 2013 184 2014 195.3 201.6 207.3 215.3 214.5 218.1 224.9 229.6 233.0 236.7 average how many times higher were prices in 2005 compared to 1985? Please make your answers completely on all questions a. The CPL in 1990 was 130.7 What does this number mean? b. Calculate the annual rates of inflation for 1980 and 2014. c. Calculate the overall rate of inflation for the decade of the 1980's (1980 to 1989). d. When Mr. Chips began his teaching career in 1960, his salary was $10,000. per year. At his retirement party in 2004, Mr. Chips was euphoric that during his long teaching career his salary had increased six-fold to $60,000. Was Mr. Chips' euphoria about his six-fold salary increase justified? e. In 2010 Charlene bought a new car for $20,000. using a 5 year car loan that had a fixed nominal interest rate of 10%. What was the real interest rate on this loan in 2011? f. What was the percentage increase in social security benefits received by senior citizens in the year 2013? Was this increase fair compensation for the increase in the cost of living experienced by senior citizens? g. On Annual 188.9 Year 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 Annual 29.6 29.9 30.2 30.6 31 31.5 32.4 33.4 34.8 36.7 38.8 Year 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 Annual 40.5 41.8 44.4 49.3 53.8 56.9 60.6 65.2 72.6 82.4 90.9 Year 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 Annual 96.5 99.6 103.9 107.6 109.6 113.6 118.3 124 130.7 136.2 140.3 Year 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Annual Year 144.5 2004 148.2 2005 152.4 2006 156.9 2007 160.5 2008 163 2009 166.6 2010 172.2 2011 177.1 2012 179.9 2013 184 2014 195.3 201.6 207.3 215.3 214.5 218.1 224.9 229.6 233.0 236.7 average how many times higher were prices in 2005 compared to 1985

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