This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Using Price Indexes to Correct for InflationSuppose the CPI last year was 278.8 and the CPI this ... (Read 16 times)

blinding37

  • Full Member
  • ***
  • Posts: 148
on: Nov 23, 2022

Question 1

Using Price Indexes to Correct for Inflation

Suppose your grandmother earned a salary of $21,000 in 1975. If the CPI was 53 in 1975 and is 264 today, then the value of your grandmother's salary in today's dollars is approximately ________. (Round to the nearest dollar.)
◦ $4,431,000
◦ $4216
◦ $104,604
◦ $11,130

Question 2

Using Price Indexes to Correct for Inflation

Suppose the CPI last year was 278.8 and the CPI this year is 283.5.  If a retired firefighter received her monthly pension check of $3600 last year and her pension is tied to the CPI, how much would her monthly pension check be this year?
◦ $3600
◦ $3604.70
◦ $3660.69
◦ $16,920.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by blinding37 on Nov 23, 2022

Jaclyn92G6

  • Full Member
  • ***
  • Posts: 176
    • save money with coupon codes
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly

Look for coupons that come in delivers while in the email, in mags, or with in the inserts with all the Sunday forms. www.baccarat35.com

blinding37

  • Member
  • Posts: 148
Reply 2 on: Nov 23, 2022
Wow, this really help

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

The nitrogen cycle. Numbers represent fluxes as 1012 g N per year (data from Schlesinger 1991, after The nitrogen cycle. Numbers represent fluxes as 1012 g N per year (data from Schlesinger 1991, after
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
Dragon Chinese new year 2023 Dragon Chinese new year 2023
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Walking into new year kids drawing Walking into new year kids drawing
Video: Transcription—A molecular view

For a complete list of videos, visit our video library