Business

4 January, 20:55

In 2000, when the consumer price index (cpi) was 172.2, aramis purchased a house for $111,500. assuming that the price of houses increased at the same rate as the cpi from 1990 to 2000, approximately how much would the house have cost in 1990, when the cpi was 130.7?

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “In 2000, when the consumer price index (cpi) was 172.2, aramis purchased a house for $111,500. assuming that the price of houses increased ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

The common-sense approach is about knowing which ob tools to use and under what circumstances

Why did thousands of russians citizens march on st. petersburg in 1905?

If a seller in a competitive market chooses to charge more than the going price, then: a. the sellers' profits must increase. b. the owners of the raw materials used in production would raise the prices for the raw materials. c.

A decrease in the price of domestically produced industrial robots will be reflected in a. the GDP deflator but not in the consumer price index. b. the consumer price index but not in the GDP deflator.

Suppose economists observe that an increase in government spending of $15 billion raises the total demand for goods and services by $60 billion.

New Questions in Business

A fire destroys all of the merchandise of Coronado Company on February 10, 2017. Presented below is information compiled up to the date of the fire: Inventory, January 1, 2017 $423,300 Sales revenue to February 10, 2017 1,924,500 Purchases to

How should you use operating costs when calculating incremental cash flows? Group of answer choices: A. Do not subtract operating costs, and then subtract taxes on operating income before operating costs. B. Subtract operating costs. C.

The following selected data are from a recent statement of cash flows: Net cash flow from operating activities $ 35,000 Net cash flow used for investing activities (20,000) Net cash flow used for financing activities 60,000 Ending cash balance

Gates Corporation reported the following information concerning its direct materials: Direct materials purchased (actual) $ 673,000 Standard cost of materials purchased $ 688,000 Standard price times actual amount of materials used $ 444,000 Actual

how fiscal policy can be used to slow down an economy that is growing at a rate faster than what is sustainable in the long-term if the policy makers are concerned that such a high growth may create undesirably high rates of inflation in the future.