suppose that the price of one gallon of milk was $0.25 in 1950, that the cpi in 1950 was 25, and that in 2000 the cpi was 200.what is the price of a 1950 gallon of milk in 2000 dollars?

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04-11-2022
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suppose that the price of one gallon of milk was $0.25 in 1950, that the cpi in 1950 was 25, and that in 2000 the cpi was 200.what is the price of a 1950 gallon of milk in 2000 dollars?

Sagot :

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Harshtsinghidn Harshtsinghidn · Answer 1 · 2022-11-08T23:07:48-05:00

Suppose that the price of one gallon of milk used to be $0.25 in 1950, that the CPI in 1950 used to be 25, and thatin 2000 the CPI used to be 200. Then The price of a 1950 gallon of milk in 2000 greenbacks is $2.

What is supposed by using the CPI?

The most generic indicator of inflation is the Consumer Price Index (CPI), which measures the proportion trade in the price of a basket of items and services bump off by households.

What is the current rate of the CPI?

The CPI all services index rose by using 5.9% in the 12 months to August 2022, up from 5.7% in July. Core CPI (excluding energy, food, alcohol and tobacco) rose via 6.3% in the 12 months to August 2022, increasing from 6.2% in July.

Learn more about CPI here:

suppose that the price of one gallon of milk was $0.25 in 1950, that the cpi in 1950 was 25, and that in 2000 the cpi was 200.what is the price of a 1950 gallon of milk in 2000 dollars?

Sagot :

What is supposed by using the CPI?

What is the current rate of the CPI?

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