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Author Question: Solve the problem.A part of the Consumer Price Index (CPI) is given below:What is the percent ... (Read 77 times)

ishan

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Question 1

Solve the problem.

A part of the Consumer Price Index (CPI) is given below:



Suppose an actuary's salary was in 1980. What would the salary have to be in 1990 to keep up with inflation (round to the nearest )?
◦ $124,000
◦ $29,000
◦ $78,000
◦ $73,000

Question 2

Solve the problem.

A part of the Consumer Price Index (CPI) is given below:



What is the percent increase of a market basket of goods from 1975 to 1985? Round the percent to the nearest integer.
◦ 200%
◦ 54%
◦ 100%
◦ 50%


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Marked as best answer by ishan on Jan 18, 2020

voltaire123

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ishan

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Reply 2 on: Jan 18, 2020
YES! Correct, THANKS for helping me on my review


bdobbins

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Reply 3 on: Yesterday
Wow, this really help

 

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