It is clearly visible that average inflation rate in 1981 is 10. 37%.
Also over next 30 years, approximately inflation rate was at 5% by 2011 from CPI inflation graph.
Inflation and the Quantity Theory of Money- Ask FRED Let's look at the inflation rate and...
flation and the Quantity Theory of ALFRED Money- Ask FRED 320,000 Let's get some practice converting nominal values to real values. The accompanying graph depicts the median sales price for new houses sold in the United States in both nominal values and adjusted for inflation using the CPI 280,000 240,000 N 200,000 160,000 Median Sales Price for New Houses Sold 1980 64,708 in the United States Vintage: 2018-01-25: Median Sales Price for New Houses Sold in the United States Vintage:...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...