Question: In 1987, the base year was changed to [1982 = 100]. Change the base for all the figures in Table. The Consumer Price Index [1967

In 1987, the base year was changed to [1982 = 100]. Change the base for all the figures in Table.
In 1987, the base year was changed to [1982 =

The Consumer Price Index [1967 Year 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 100] Year 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 CPI 195.4 217.4 246.8 272.4 289.1 298.4 72.1 77.8 86.6 87.3 88.7 89.6 90.6 91.7 92.9 94.5 97.2 100.0 104.2 109.8 116.3 121.3 125.3 133.1 147.7 161.2 170.5 181.5 322.2 328.4 340.4 354.3 371.3 391.4 408.0 420.3 432.7 444.0 456.0 469.9 480.8 488.3 499.0 515.8 530.4 538.8 551.1 565.8 585.0 603.9 619.1(estimate)

Step by Step Solution

3.11 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Simply divide each CPI by thus year old CPI new CPI 1950 721 249 1951 778 ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

463-M-S-F (223).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!