Your father earned $34,000 per year in 1984. To the nearest dollar, what is that equivalent to in 2014 if the CPI in 2014 is 2
15 and the CPI in 1984 is 104?
1 answer:
Answer:
The answer is : 70288.46
Step-by-step explanation:
Your father earned $34,000 per year in 1984.
The CPI in 2014 is 215 and the CPI in 1984 is 104.
The CPI or consumer price index examines the weighted average of prices of goods and services like transportation, food etc.
The Current income equivalent will be = value in 1984 X ( CPI in 2014/CPI in 1984)
= 70288.46
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Graph 3
Step-by-step explanation:
Simplifying
2x + 3y = 60
Solving
2x + 3y = 60
Solving for variable 'x'.
Move all terms containing x to the left, all other terms to the right.
Add '-3y' to each side of the equation.
2x + 3y + -3y = 60 + -3y
Combine like terms: 3y + -3y = 0
2x + 0 = 60 + -3y
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Hope this helps! :D
