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Molodets [167]
3 years ago
13

Last year, swordfish cost $18 per pound. This year, it costs $15 per pound. What will probably

Social Studies
1 answer:
Lorico [155]3 years ago
8 0

down because they wouldn't bring as many sword fish if the price wasn't high

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The correct answer is  $100,000.

Explanation:

CPI or Consumer Price Index uses a basket of goods approach that aims to compare a consistent base of products from year to year focusing on products that are bought and used by consumers daily.

In the example, we can solve the question by using the simple "rule of 3" considering that the purchasing power is directly proportional to the income received and the CPI of the place where we are located. We will have:

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