The 1961 price index base 100 = 2012 is equal to 11.84 and the annual nominal interest

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The 1961 price index base 100 = 2012 is equal to 11.84 and the annual nominal interest rate between 1961 and 2012 is 4.4% on average.

Answer the following questions, expressing your answer in percentage rounded to the nearest first decimal. Use the exact formula.

1. What is the average annual inflation between 1961 and 2012?

2. What is the average annual real interest rate between 1961 and 2012? Use your previous answer rounded to the nearest first decimal

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: May 07, 2024 06:19 AM

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The 1961 price index base 100 = 2012 is equal to 11.84 and the annual nominal interest

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1 To calculate the average annual inflation between 1961 and 2012 we can use the formula textAverage ... View the full answer

Income Tax Fundamentals 2013

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