contestada


79. Estimate the price (to the nearest dollar) of a table
in 1994 if the price of the table in 1973 was $500,
Note that the Consumer Price Index in 1973 was
44.4and in 1994 it was 148.2.
a. $1669
b. $505
c. $2100
d. $519
e. $1050

Respuesta :

Answer:

a. $1669

Step-by-step explanation:

Price in 1994 = [ (CPI in 1994) / (CPI 1973) ] * (Price in 1973) =

[ 148.2 / 44.4 ] * 500 =  1668.91891892 = $1669 rounded to the nearest dollar.

Otras preguntas