43 7460SOpenvellurnH MAC-65cebfb9337c29ed aff Spring 2018 Math 105 ACM Todd & O

Question

43 7460SOpenvellurnH MAC-65cebfb9337c29ed aff Spring 2018 Math 105 ACM Todd & O Homework Spring 2013 Math 105 ACM Todd Werner 1 1 2-13-18 8:18 PM Homework: Section 3.D Homework Score: 0 of 1 pt 3.D.25 10 at 1217 corplete) HW Score: 50%, 6 of 12 pt Questor: Help * What is the purchasing pover of $1 in 1978 in terrns of 2009 dollars? Average Annus Consurner Price Indes (CP (1982-1964 100) The purchasing pawer of S1 in 1978 in lerms of 2009 dollars is $L Rcund tu ihe nearest cent.) 124.D 130 7 136 2 1403 144.5 79.9 164 0 a7 4 195 3 2016 1524 156 9 160 5 163 D 166 6 172 2 103.9 2145 109.6 113.b 118.3 224.9 2296 Emer your aiswer in the anser bax and then click Check Answer All barts showina ciear A

Explanation / Answer

CPI of 1978 = 65.2

CPI of 2009 = 214.5

Hence,

Purchasin power of $1 of 2009 = $1*(214.5/65.2) = $ 3.29

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