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Author Question: Related to the Economics in Practiceon p. 453: The Consumer Price Index in the United States was ... (Read 51 times)

JMatthes

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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, her monthly pension check would have ________ from 2007 to 2008, and ________ from 2008 to 2009.


◦ increased; increased
◦ increased; decreased
◦ decreased; increased
◦ decreased; decreased

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 $3,200.00 in 2008 and his pension is tied to the CPI, how much would his monthly pension check be in 2009?


◦ $3174.40
◦ $3,188.11
◦ $3,200.00
◦ $3,214.50
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by JMatthes on Apr 19, 2019

ansleighelindsey

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Reply #1 on: Apr 19, 2019
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JMatthes

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

marict

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Reply 3 on: Yesterday
Wow, this really help

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