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Author Question: Using Price Indexes to Correct for InflationSuppose the CPI last year was 278.8 and the CPI this ... (Read 32 times)

blinding37

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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
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Marked as best answer by blinding37 on Nov 23, 2022

Jaclyn92G6

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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.
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blinding37

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

Animal_Goddess

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Reply 3 on: Yesterday
Gracias!

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