From the following data find out (i) purchasing power of money, (ii) real income, and (iii) real income indices relating to a worker : 1989 Year: Income: Price indices : Year: Income: Price Index: 1990 1991 1992 4000 1993 2000 100 2500 3600 4500 120 140 150 160 1994 5500 1995 1996 1997 7500 1998 6000 7200 8000 250 300 400 500 550 CS Scanned with CamScanner

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 31PPS
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From the following data find out (i) purchasing power of money, (ii) real
income, and (iii) real income indices relating to a worker :
1989
Year:
Income :
Price indices :
Year:
Income :
Price Index :
1990
1991
1992
1993
2000
2500
3600
4000
4500
100
120
140
150
160
1994
1995
1996
1997
1998
5500
6000
7200
7500
8000
250
300
400
500
550
CS Scanned with CamScanner
Transcribed Image Text:From the following data find out (i) purchasing power of money, (ii) real income, and (iii) real income indices relating to a worker : 1989 Year: Income : Price indices : Year: Income : Price Index : 1990 1991 1992 1993 2000 2500 3600 4000 4500 100 120 140 150 160 1994 1995 1996 1997 1998 5500 6000 7200 7500 8000 250 300 400 500 550 CS Scanned with CamScanner
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