Answer:
$677.18
Step-by-step explanation:
Data provided in the question:
Bill’s nominal income in 1990 = $1,009 per month
CPI value in the year 1990 = 149
CPI value in the year 2017 = 192
Now,
The Consumer price index ( CPI ) is given as :
CPI =
thus,
for the given case of year 1990
149 =
or
Real income in 1990 =
or
Real income in 1990 = $677.18
Answer:
or 
Step-by-step explanation:
or 

Answer:
-0,046875
Step-by-step explanation:

The answer is given below:
Answer:
15.7
Step-by-step explanation:
600 - 584.3 = 15.7