In 1980 the price of microwave oven was $382 and CPI was 105. Today the price of a microwave oven is $266 and CPI is 242. What is the 1980 price of microwave oven measured in todays dollars? (Round to two decimal places.) Your Answer:
In 1980 the price of microwave oven was $382 and CPI was 105. Today the price of a microwave oven is $266 and CPI is 242. What is the 1980 price of microwave oven measured in todays dollars? (Round to two decimal places.) Your Answer:
Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter6: How Statisticians Measure Inflation
Section6.A: How Statisticians Measure Inflation
Problem 5TY
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