MGEA02H3 Lecture : Production Function Part II
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1 Nov 2012
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Question 4: Calculate Real Interest rates from the following data taking 2010 as the base year
CPI basket
Item |
Quantity |
Price (2010) |
Price (2011) |
Apples |
200 |
$1 each |
$1.3 each |
Bread |
100 |
$3 each |
$3.1 each |
The nominal rate of interest for the year 2011 was 18%.