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jeatrice

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Question 1

Solve the problem.

Part of the Housing Price Index for 1999 is given below:



Suppose that wages are directly related to housing values. If the hourly wage for a job is per hour in Spokane, what would the job pay in Sioux City?
◦ $24.58
◦ $8.92
◦ $9.77
◦ $5.89

Question 2

Solve the problem.

Identify the four price index numbers in the table that would result from using the price from 1995 as the reference value. Round each value to the nearest tenth.

Average Gasoline Prices (per gallon)
YearPricePrice as a Percentage of 1975 PricePrice Index
(1975 = 100)
Price Index
(1995 = 100)
195529.1¢51.3%51.3
197556.7¢100.0%100.0
1995120.5¢212.5%212.5
2005231.0¢407.4%407.4

◦ 1955: 191, 1975: 100, 1995: 47.8, 2005: 24.1
◦ 1955: 191.7, 1975: 100, 1995: 47.1 ,2005: 24.1
◦ 1955: 24.1, 1975: 47.8, 1995: 100, 2005: 191
◦ 1955: 24.1, 1975: 47.1, 1995: 100, 2005: 191.7


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Marked as best answer by jeatrice on Jan 18, 2020

sarahccccc

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jeatrice

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


Perkypinki

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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