e. both you and the lender are better off because real rates fall wheninflation rises.YearCPI199980200087200110520021122003108200411728.As presented in the table, the rate of inflation from 1999–2000 (i.e., during the year 2000) is
29. Let’s say a bottle of Dr. Wells soda (an actual sof drink still available but hard to obtain) cost $0.15 in 1970. If the consumer price index (CPI) in 1970 was 37.8 and the CPI in 2019 is 240, then the price of Dr. Wells soda in 2019dollars would be (rounded to the nearest penny)
30.Assume tuition and fees at North Carolina State University cost $5,000 in 2004 and $8,500 in 2012. If the price index was 195 in 2004 and 250 in 2012, then we could saya. tuition has increased more slowly than inflation.b. tuition has increased more rapidly than inflation.c. tuition has increased at about the same rate as inflation.d. nominal tuition has decreased.e. tuition suffers from money illusion due to inflation.