The current cost of a typical desktop computer is $745. The cost in year 1983 was $1,445 with fewer capabilities. What is the CP

Question

Stella [2.4K]

3 years ago

10

The current cost of a typical desktop computer is $745. The cost in year 1983 was $1,445 with fewer capabilities. What is the CP

I for the desktop computer?

Mathematics

2 answers:

labwork [276] · Answer 1 · 2022-03-27T12:56:55+03:00

labwork [276]3 years ago

7 0

A consumer price index (CPI) measures changes in the price level of market basket of consumer goods and services purchased by households.The annual percentage change in a CPI is used as a measure of inflation
CPI=(1,445÷745)×100=194

Pepsi [2] · Answer 2 · 2022-03-27T15:16:07+03:00

Answer:

55.6

Step-by-step explanation:

We have been given that the current cost of a typical desktop computer is $745. The cost in year 1983 was $1,445 with fewer capabilities.

To find CPI for the desktop computer, we will use formula:

$\text{CPI }=\frac{\text{Price of goods in given year}}{\text{Price of goods in base year}}* 100$

$\text{CPI for the desktop computer}=\frac{\$745}{\$1445}*100$

$\text{CPI for the desktop computer}=0.5155709342*100$

$\text{CPI for the desktop computer}=51.55709342\approx 55.6$

Therefore, the CPI for the desktop computer is 55.6.