Suppose the revenue for a certain company for the years 2010–2014 is shown in the following table. Year Revenue ($ billions) CPI 2010 29.4 218.1 2011 38.0 224.9 2012 50.1 229.6 2013 59.9 233.0 2014 66.7 236.7 Deflate the revenue in billions of dollars

Economics: Private and Public Choice (MindTap Course List)
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Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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Chapter7: Taking The Nation's Economic Pulse
Section: Chapter Questions
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Suppose the revenue for a certain company for the years 2010–2014 is shown in the following table.
Year Revenue
($ billions)
CPI
2010 29.4 218.1
2011 38.0 224.9
2012 50.1 229.6
2013 59.9 233.0
2014 66.7 236.7
Deflate the revenue in billions of dollars based on the CPI (1982–1984 base period). (Round your answers to one decimal place.)
Deflated 2010 revenue$____  billion
Deflated 2011 revenue$____  billion
Deflated 2012 revenue$____  billion
Deflated 2013 revenue$ ____ billion
Deflated 2014 revenue$ _____ billion
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