The pizza connection refers to the observation that in a major city, the cost of a...

 

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The "pizza connection" refers to the observation that in a major city, the cost of a slice of pizza is always about the same as the subway fare. Using the CPI values from the table shown below and the CPI table, determine what a slice of pizza should have cost in 1999 if it cost $1.00 in 1987 and prices had risen with the CPI. What does this tell you about how actual pizza prices changed compared to the CPI? 1987 1996 Year 2001 2003 2007 2013 2015 Pizza Cost 1.00 1.25 1.50 2.00 Subway fare CPI 1.00 1.35 1.70 2.20 113.6 156.9 177.1 184.0 2.25 2.35 207.3 2.50 3.00 2.50 3.40 233.0 237.0 Click to view the CPI Table. EXXID A slice of pizza should have cost $ in 1999 if it cost $1.00 in 1987 and prices had risen with the CPI. (Round to the nearest cent as needed.) The "pizza connection" refers to the observation that in a major city, the cost of a slice of pizza is always about the same as the subway fare. Using the CPI values from the table shown below and the CPI table, determine what a slice of pizza should have cost in 1999 if it cost $1.00 in 1987 and prices had risen with the CPI. What does this tell you about how actual pizza prices changed compared to the CPI? 1987 1996 Year 2001 2003 2007 2013 2015 Pizza Cost 1.00 1.25 1.50 2.00 Subway fare CPI 1.00 1.35 1.70 2.20 113.6 156.9 177.1 184.0 2.25 2.35 207.3 2.50 3.00 2.50 3.40 233.0 237.0 Click to view the CPI Table. EXXID A slice of pizza should have cost $ in 1999 if it cost $1.00 in 1987 and prices had risen with the CPI. (Round to the nearest cent as needed.)

Answer rating: 100% (QA)

To determine what a slice of pizza should have cost in 1999 if it cost 100 in 1987 and prices had ri... View the full answer