4. Last year the Consumer Price Index (CPI) indicated that inflation was 3%. Assuming new cars increased by the rate of inflation, how much did a $30,000 car increase in price? 5. If housing prices fall by 4%, how much will the value of a $200,000 home decline in price this year?

6. If job growth in the state of Utah is projected to be 2% and there are 11 million workers in the state, how many new jobs will be created this year?

7. Jordan’s raise at work last year was 3% of her salary, but inflation numbers released by the CPI indicate that inflation was 3% last year. How much did Jordan’s purchase power change?
Explain your answer.

8. Bill learned that he could make an additional $2,000 annually if he was fluent in Spanish. If he intends to learn Spanish and work another 10 years, how much is learning Spanish worth to him?