Question 213 ptsNow update the base year to 2013. The rate of inflation between 2012 and 2013 is now _____%. NOTE: calculate the rate of inflation using price indexes.
13.3812.8389.06113.3812.28
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Question 223 ptsWhich rate of inflation accounts for the substitution bias?
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Question 233 pts

The ‘Chain Weighted’ rate of inflation is ___%.
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Question 243 ptsUse the table below to answer questions 24 - 27Nominal InterestRatePrice index(CPI)ExpectedInflationJune 1,20082.42217.4635.1June 1,2009214.791Notes:-June 2009 is the last month of the Great recession - the official recovery, began in July of 2009 -expected inflation data is one year hence, so expectedinflation for the period from June 1, 2008 to June 1, 2009 is given in June 2008. So the data in the table indicates that in June of 2008, inflation was expected to be 5.1% over the next 12 monthsUse the provided CPI data to calculate the actual inflation rate that occurred between June 2008 and June 2009 (hint: just calculate the % change in the CPI).
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Question 253 ptsThe ex-ante real rate of interest between June 2008 and June 2009 is:
-1.23%3.65%1.19%-2.68%
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