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NNADVOKAT [17]
3 years ago
11

Price indexes can be used to compare prices across different periods. Suppose that a year of tuition for college at public insti

tutions averaged a cost of ​$1 comma 834 in 1989 and that the CPI index was 117 in 1989. If the CPI index was 229 in​ 2009, then the cost of tuition in​ 2009, as the result of​ inflation, would equal ​$ nothing. ​(Enter your response rounded to the nearest whole​ number.)
Business
1 answer:
DerKrebs [107]3 years ago
8 0

Answer:

According to consumer price index a tuiton of 1,834 in 1989 is worth: $3,591.58 in 2009

Explanation:

To convert a past price into future we do as follow:

\frac{CPI_{2009}}{CPI_{1989}}

229/117 = 1.9572649

Then, we multiply the past amount by this multiplier to get the value in todays dollars:

1,835 x 1.9572649 = 3,591.581 = 3,591.58

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The unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed equals:
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Based on the number of people that are employed and those who are unemployed in this town, the unemployment rate is 14.4%.

<h3>What is the unemployment rate?</h3>

The unemployment rate can be found by the formula:
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Solving gives:

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= 14.4%

In conclusion, the rate is 14.4%.

Find out more on the unemployment rate at brainly.com/question/13280244.

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An industry that has many companies offering the same basic product, but with some slight difference is B. monopolistic competition.

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Pierce currently has $10,000. What was the value of his money five years ago if he has earned 5 percent interest each year?. . .
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Amount = $10000
Let us assume the principal = x
Amount of interest = 5%
Time = 5 years
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From the above deduction, it can be easily concluded that the correct option among all the options that are given in the question is the second option or option "B".
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