According to a certain central bank from 2000 to 2016 the average price of a new home in a certain region increased by 79% to $483 thousand. What was the average price of a new home in 2000?
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Q: According to a certain central bank from 2000 to 2016 the average price of a new home in a certain…
A: The price of the home in 2000.
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Q: A typical high-income household in 1980 earned $133,684. A similar household in 2009 earned…
A: Given that Income in 1980 is $133,684 and income in 2009 is $193,529. Increased amount from 1980 to…
Q: A typical high-income household in 1980 earned $137,793. A similar household in 2009 earned…
A: Income in 1980 a = $137,793 Income in 2009, b = $163,066
Q: A typical high-income household in 1980 earned $137,793. A similar household in 2009 earned…
A: Income in 1980 a = $137,793 Income in 2009 b = $163,066
Q: A typical high-income household in 1980 earned $125,527. A similar household in 2009 earned…
A: Given data is: A typical high-income household in 1980 earned $125,527 and A similar household in…
Q: A typical high-income household in 1980 earned $125,527. A similar household in 2009 earned…
A: To find the relative change in income for the household from 1980 to 2009.
Q: A typical high-income household in 1980 earned $125,527. A similar household in 2009 earned…
A: Relative increase is given by R=(New value-Old value)/Old value
Q: A typical high-income household in 1980 earned $125,527. A similar household in 2009 earned…
A: Income in 1980 a= $ 125,527 Income in 2009 b= $ 158,836
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Q: A typical high-income household in 1980 earned $138,539. A similar household in 2009 earned…
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Q: According to a certain central bank from 2000 to 2016 the average price of a new home in a certain…
A: Let the Price of New home be X. Given that Price of new home in 2016 after 7979% increase= $48748…
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