In 1936, the cost of a Hershey's chocolate bar was 5 cents. In 1980, the cost of a Hershey's chocolate bar was 25 cents. By comparison, the CPI-U in 1936 was 13.9, and the CPI-U in 1980 was 82.4. (Remember that the Consumer Price Index for Urban consumers (CPI-U) shows how the prices for goods and services change over time for people living in cities.) From 1936 to 1980, how did the price of the Hershey bar change compare to the change in CPI-U? Be sure to include the relative increase of each in your answer. Year 1936 1980 Cost of a Hershey Bar (in Cents) 5 25 CPI-U (Consumer Price Index for Urban Consumers) 13.9 82.4
In 1936, the cost of a Hershey's chocolate bar was 5 cents. In 1980, the cost of a Hershey's chocolate bar was 25 cents. By comparison, the CPI-U in 1936 was 13.9, and the CPI-U in 1980 was 82.4. (Remember that the Consumer Price Index for Urban consumers (CPI-U) shows how the prices for goods and services change over time for people living in cities.) From 1936 to 1980, how did the price of the Hershey bar change compare to the change in CPI-U? Be sure to include the relative increase of each in your answer. Year 1936 1980 Cost of a Hershey Bar (in Cents) 5 25 CPI-U (Consumer Price Index for Urban Consumers) 13.9 82.4
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.4: Cicumference And Area Of A Cicle
Problem 46E: A tabletop is semicircular when its three congruent drop-leaves are used. By how much has the tables...
Related questions
Question
Transcribed Image Text:In 1936, the cost of a Hershey's chocolate bar was 5 cents. In 1980, the cost of a Hershey's
chocolate bar was 25 cents. By comparison, the CPI-U in 1936 was 13.9, and the CPI-U in 1980
was 82.4. (Remember that the Consumer Price Index for Urban consumers (CPI-U) shows how the
prices for goods and services change over time for people living in cities.)
From 1936 to 1980, how did the price of the Hershey bar change compare to the change in CPI-U?
Be sure to include the relative increase of each in your answer.
Year
1936
1980
Cost of a Hershey Bar
(in Cents)
5
25
CPI-U (Consumer Price
Index for Urban
Consumers)
13.9
82.4
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning