4 years ago

Can someone please help me on this

Mathematics

2 answers:

AleksandrR [38]4 years ago

3 0

Answer:

♥have a good day.

Brums [2.3K]4 years ago

3 0

Answer: no

Step-by-step explanation:

Because of the angles

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Bas_tet [7]

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 = $\frac{\textup{Cost of basket in the current year}}{\textup{Cost of basket in the base year}}\times100$

thus,

for the given case of year 1990

149 = $\frac{\textup{1,009}}{\textup{Real income in the year 1990}}\times100$

Real income in 1990 = $\frac{\textup{1,009}}{\textup{149}}\times100$

Real income in 1990 = $677.18

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