Your employer has agreed to make quarterly payments of $400 each into a trust account to fund your early retirement. The first payment will be made 3 months from now, and payments will stop after 20 years when you retire. When you retire, you will receive 10 annual payments with the first payment to be made at the end of year 21. The funds will be invested at 8% during the accumulation phase, and will be invested at 6.5% during the distribution phase. What annual payment will you receive in retirement

The typical consumer's food basket in the base year 2015 is as follows: 30 chickens at $4 each 10 hams at $5 each 10 steaks at $8 each a chicken feed shortage causes the price of chickens to rise to $5.00 each in the year 2016. hams rise to $7.00 each, and the price of steaks is unchanged. a. calculate the change in the "cost-of-eating" index between 2015 and 2016. year cost of the basket 2015 $ 2016 $ instructions: enter your responses rounded to one decimal place. the official cost-of-eating index has by %. b. suppose that consumers are completely indifferent between two chickens and one ham. for this example, how large is the substitution bias in the official "cost-of-eating" index? the in the cost-of-eating index is %. the of inflation in the cost of eating reflects substitution bias.

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

Explain the relationship between consumers and producers in economic growth and activity