subject : Macroeconomics please help me with this c and d it important c: Government statistics show a consumer price in

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

subject : Macroeconomics please help me with this c and d it important c: Government statistics show a consumer price in

Post by answerhappygod »

subject : Macroeconomics
please help me with this c and d it important
c: Government statistics show a consumer price index of 10 for
1930 and 300 for 2020. If someone working as a carpenter in 1930
was paid an annual salary of $2,000, what would an equivalent
salary be in 2020 after adjusting for inflation?
d: From what we have learned about the components of CPI, do you
think it is better to live in the United States when you are
younger or when you are older. Explain.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”