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Author Question: Related to the Economics in Practiceon p. 453: The Consumer Price Index in the United States was ... (Read 29 times)

michelleunicorn

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on: Apr 19, 2019

Question 1

Related to the 
Economics in Practice on p. 453: The Consumer Price Index in the United States was 207.3 in 2007, 215.3 in 2008 and 214.5 in 2009. If a retiree's pension is tied to the CPI, his monthly pension check would have increased from ________, and decreased from ________.


◦ 2007 to 2008; 2008 to 2009
◦ 2008 to 2009; 2007 to 2008
◦ 2007 to 2008; 2007 to 2009
◦ 2007 to 2009; 2007 to 2008

Question 2

Related to the 
Economics in Practice on p. 453: The Consumer Price Index in the United States was 215.3 in 2008 and 214.5 in 2009. If a retiree received a monthly pension check of $4,500.00 in 2008 and her pension is tied to the CPI, how much would her monthly pension check be in 2009?


◦ $4,464.00
◦ $4,483.28
◦ $4,500.00
◦ $4,714.50
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by michelleunicorn on Apr 19, 2019

josephsuarez

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Reply #1 on: Apr 19, 2019
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michelleunicorn

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Reply #2 on: Apr 19, 2019
Excellent


josephsuarez

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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