The Consumer Price Index (CPI) is used to measure prices relative to some base price. The Bureau of Labor Statistics maintains the index which measures prices relative to the years 1982 to 1984. The base CPI is 100 and corresponds to average prices in 1982 to 1984. Suppose the CPI for new vehicles in November 2018 was 145.025. This means that prices for new vehicles in November 2018 were 145.025% of what they were in 1982 to 1984. a) Suppose in 1984, the list price of a new Toyota Corolla was $9,129.00. Using the CPI, what would be the price of a new Toyota Corolla in November 2018? Round to the nearest cent. b) Suppose in November 2018, the list price on a base model of the Toyota Tacoma was $26,700.00. Using CPI, find the list price of a new Tacoma in 1984. Round to the nearest cent.
The Consumer Price Index (CPI) is used to measure prices relative to some base price. The Bureau of Labor Statistics maintains the index which measures prices relative to the years 1982 to 1984. The base CPI is 100 and corresponds to average prices in 1982 to 1984. Suppose the CPI for new vehicles in November 2018 was 145.025. This means that prices for new vehicles in November 2018 were 145.025% of what they were in 1982 to 1984. a) Suppose in 1984, the list price of a new Toyota Corolla was $9,129.00. Using the CPI, what would be the price of a new Toyota Corolla in November 2018? Round to the nearest cent. b) Suppose in November 2018, the list price on a base model of the Toyota Tacoma was $26,700.00. Using CPI, find the list price of a new Tacoma in 1984. Round to the nearest cent.
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...
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The Consumer Price Index (CPI) is used to measure prices relative to some base price. The Bureau of Labor Statistics maintains the index which measures prices relative to the years 1982 to 1984.
The base CPI is 100 and corresponds to average prices in 1982 to 1984. Suppose the CPI for new
vehicles in November 2018 was 145.025. This means that prices for new vehicles in November 2018 were 145.025% of what they were in 1982 to 1984.
a) Suppose in 1984, the list price of a new Toyota Corolla was $9,129.00. Using the CPI, what would be the price of a new Toyota Corolla in November 2018? Round to the nearest cent.
b) Suppose in November 2018, the list price on a base model of the Toyota Tacoma was $26,700.00. Using CPI, find the list price of a new Tacoma in 1984. Round to the nearest cent.
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