What is the purchasing power of $1 in 1986 in terms of 2018 dollars? The purchasing power of $1 in 1986 in terms of 2018 dollars is $ (Round to the nearest cent as needed.) Year 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 CPI 90.9 96.5 99.6 103.9 107.6 109.6 113.6 118.3 124.0 130.7 136.2 140.3 144.5 148.2 Average Annual Consumer Price Index (CPI) (1982-1984 = 100) CPI Year 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 152.4 156.9 160.5 163.0 166.6 172.2 177.1 179.9 184.0 188.9 195.3 201.6 207.3 215.3 Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 CPI 214.5 218.1 224.9 229.6 233.0 236.7 237.0 240.0 245.1 251.1 255.7 258.8

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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What is the purchasing power of $1 in 1986 in terms of 2018 dollars?
The purchasing power of $1 in 1986 in terms of 2018 dollars is $
(Round to the nearest cent as needed.)
C
Year
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
CPI
90.9
96.5
99.6
103.9
107.6
109.6
113.6
118.3
124.0
130.7
136.2
140.3
144.5
148.2
Average Annual
Consumer Price Index (CPI)
(1982-1984 = 100)
CPI
Year
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
152.4
156.9
160.5
163.0
166.6
172.2
177.1
179.9
184.0
188.9
195.3
201.6
207.3
215.3
Year
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
CPI
214.5
218.1
224.9
229.6
233.0
236.7
237.0
240.0
245.1
251.1
255.7
258.8
Transcribed Image Text:What is the purchasing power of $1 in 1986 in terms of 2018 dollars? The purchasing power of $1 in 1986 in terms of 2018 dollars is $ (Round to the nearest cent as needed.) C Year 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 CPI 90.9 96.5 99.6 103.9 107.6 109.6 113.6 118.3 124.0 130.7 136.2 140.3 144.5 148.2 Average Annual Consumer Price Index (CPI) (1982-1984 = 100) CPI Year 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 152.4 156.9 160.5 163.0 166.6 172.2 177.1 179.9 184.0 188.9 195.3 201.6 207.3 215.3 Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 CPI 214.5 218.1 224.9 229.6 233.0 236.7 237.0 240.0 245.1 251.1 255.7 258.8
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