Mathematics, 27.07.2021 01:30 nina288
The consumer price index (CPI), issued by the U. S. Bureau of Labor Statistics, provides a means of determining the purchasing power of the U. S. dollar from one year to the next. Using the period from 1982 to 1984 as a measure of 100.0, the CPI figures for selected years from 2002 to 2016 are shown here. Year Consumer Price Index 2002 179.9 2004 188.9 2006 201.6 2008 215.3 2010 218.1 2012 229.6 2014 236.7 2016 240.0 E. To use the CPI to predict a price in a particular year, we can set up a proportion and compare it with a known price in another year, as follows. price in year A index in year A price in year B index in year B
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The consumer price index (CPI), issued by the U. S. Bureau of Labor Statistics, provides a means of...
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