Year: CPI Value: use the following CPI data: 1972 1976 1980 41.8 56.9 86.4 1995 152.4...

  

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Year: CPI Value: use the following CPI data: 1972 1976 1980 41.8 56.9 86.4 1995 152.4 2010 2011 217.5 221.2 2016 243.0 2021 271.0 2022 294.4 Arrowhead Stadium was built in 1972 at a cost (then) of $43 million. If construction costs have increased at the rate of general inflation, what would Arrowhead have cost to build in 2022? How much money would you need in 2016 to have the same buying power as $2,000 had in 1980? What was the rate of inflation over the period 2010-2011? By what percent did consumer prices increase over the period 1976-2016? You began your current job in 1995 at an annual salary = $26,000. In 2022 your salary = $48,000. Are you "ahead" or "behind" inflation? How much are you ahead or behind? In 2016 you bought a house and paid $185,000. If housing has increased at the same rate as general inflation, what would the house have cost you when it was built in 1980? Your father talks about his first job in 1980 starting at salary = $14,000. You just started your first job in 2016 at salary = $42,000. Compare how well you are doing in your first job you your father's first job. Year: CPI Value: use the following CPI data: 1972 1976 1980 41.8 56.9 86.4 1995 152.4 2010 2011 217.5 221.2 2016 243.0 2021 271.0 2022 294.4 Arrowhead Stadium was built in 1972 at a cost (then) of $43 million. If construction costs have increased at the rate of general inflation, what would Arrowhead have cost to build in 2022? How much money would you need in 2016 to have the same buying power as $2,000 had in 1980? What was the rate of inflation over the period 2010-2011? By what percent did consumer prices increase over the period 1976-2016? You began your current job in 1995 at an annual salary = $26,000. In 2022 your salary = $48,000. Are you "ahead" or "behind" inflation? How much are you ahead or behind? In 2016 you bought a house and paid $185,000. If housing has increased at the same rate as general inflation, what would the house have cost you when it was built in 1980? Your father talks about his first job in 1980 starting at salary = $14,000. You just started your first job in 2016 at salary = $42,000. Compare how well you are doing in your first job you your father's first job.

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1 Cost of Building Arrowhead Stadium in 2022 Calculate the cost in 2022 based on the rate of general inflation use the CPI values for 1972 and 2022 CP... View the full answer