QuickHelper

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Category > Math Posted 29 Aug 2017 My Price 7.00

which of the following is a reasonable estimate of the current CPI?

The prices of consumer goods do not always exactly follow the CPI. The following chart shows several consumer items, along with their respective prices in 1983 and today.

Item

Price in 1983 ($)

Current Price ($)

Pair of boots

67.45

126.85

Hair dryer

15.25

29.95

Box of tissues

1.15

2.25

Toaster

22.85

44.25
     

Using the prices shown on this chart, which of the following is a reasonable estimate of the current CPI?

a.

208

b.

195

c.

180

d.

173

Answers

QuickHelper
(10)
Status NEW Posted 29 Aug 2017 11:08 AM My Price 7.00

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