Suppose you earned $100,000 in 2005.?

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Suppose you earned $100,000 in 2005.?

Using 1982 as the base year, calculate your real 2005 income measured in 1982 dollars, assuming the CPI is 200 in 2005.

2007-02-25 04:54:14 · 3 answers · asked by styles4u 4 in Social Science ➔ Economics

3 answers

In base year (1982) the CPI is 100. So the inflation from 1982 to 2005 is 100% (200/100-1). Therefore your USD100,000 makes USD50,000 (100,000/2) in 1982 USD terms.

2007-02-25 07:40:26 · answer #1 · answered by daniel_cohadier 3 · 0⤊ 0⤋

If you're going to try to get us to do your homework, at least give us a hard problem and not a laughably easy one.

2007-02-25 05:03:43 · answer #2 · answered by KevinStud99 6 · 1⤊ 1⤋

then what do you want me to answer?

2007-02-25 05:17:16 · answer #3 · answered by Marie Q 4 · 0⤊ 1⤋

why?

2007-02-25 08:29:04 · answer #4 · answered by The REBELution! 3 · 0⤊ 1⤋