S12. The table below shows the price of a house in a specific region in the years 2015 through 2020 (in thousands of $). Year: 2015 2016 2017 2018 2019 2020 Price: 81 82 83.5 85 87.5 91 Check whether the increasing trend is actual, by removing the inflation effect, using the CPI (2010 base year): Year: 2015 2016 2017 2018 2019 2020 CPI: 108 110 113 116 120 125
S12. The table below shows the price of a house in a specific region in the years 2015 through 2020 (in thousands of $). Year: 2015 2016 2017 2018 2019 2020 Price: 81 82 83.5 85 87.5 91 Check whether the increasing trend is actual, by removing the inflation effect, using the CPI (2010 base year): Year: 2015 2016 2017 2018 2019 2020 CPI: 108 110 113 116 120 125
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 33P: The index number representing the price level changes from 110 to 115 in one year and then from 115...
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S12. The table below shows the price of a house in a specific region in the years 2015 through 2020 (in thousands of $).
Year: 2015 2016 2017 2018 2019 2020
Price: 81 82 83.5 85 87.5 91
Check whether the increasing trend is actual, by removing the inflation effect, using the
Year: 2015 2016 2017 2018 2019 2020
CPI: 108 110 113 116 120 125
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