Suppose admission to a movie cost $9.00 in 2008. What was its price in 1989 dollars?...

 

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Suppose admission to a movie cost $9.00 in 2008. What was its price in 1989 dollars? Assume that all prices have risen at the same rate as the CPI The price was about $ in 1989 (Round to the nearest cent) Average Annual Consumer Price Index (CPI) (1982-1984-100) CPI Year 1240 130 7 136.2 140 3 1445 140 2 152.4 1569 160 5 1630 166.6 172.2 Year 1976 1977 1978 1979 1960 1901 1982 1983 1904 1905 1906 1907 (GRE CPI 56.9 60.6 65.2 726 824 90.9 96.5 996 103.9 107.6 109 6 1136 130 Year 1969 1990 1991 1992 1993 1994 1995 1996 1997 1990 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 CPI 1/7.1 179,9 184.0 188 9 1953 2016 2073 2153 2145 2181 224.9 2296 Suppose admission to a movie cost $9.00 in 2008. What was its price in 1989 dollars? Assume that all prices have risen at the same rate as the CPI The price was about $ in 1989 (Round to the nearest cent) Average Annual Consumer Price Index (CPI) (1982-1984-100) CPI Year 1240 130 7 136.2 140 3 1445 140 2 152.4 1569 160 5 1630 166.6 172.2 Year 1976 1977 1978 1979 1960 1901 1982 1983 1904 1905 1906 1907 (GRE CPI 56.9 60.6 65.2 726 824 90.9 96.5 996 103.9 107.6 109 6 1136 130 Year 1969 1990 1991 1992 1993 1994 1995 1996 1997 1990 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 CPI 1/7.1 179,9 184.0 188 9 1953 2016 2073 2153 2145 2181 224.9 2296

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Cost in 2008 CPI index in 2008 CPI inded in ... View the full answer