Question: CHAPTER 1 7 following table that the CPI has a base period of 1 9 6 7 , employment is in millions of persons, and

CHAPTER 17
following table that the CPI has a base period of 1967, employment is in millions of persons, and so on. A direct comparison, therefore, is not feasible.
a. Make whatever calculations are necessary to compare the trend in the four series from 1950 to 1980.
b. Interpret.
\table[[\table[[Consumer],[Price],[Index]],\table[[Total],[Labor],[Force]],\table[[Index of],[Productivity],[in Manufacturing],[)=(100
 CHAPTER 17 following table that the CPI has a base period

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