Question

Problem in CPI.

1. BMW 320I was sold for $22,000 in 1980 (CPI=82.4). What is the equivalent dollars in 2020 with CPI=258, where 82-84=100 is the base period of CPI. Show me how you first convert $22,000 to the base period, then inflate it to 2020. (5 points)

2. From the following table which industry fare the best, why? and which industry fare the worst why? You must show me the percentages of increase or decrease. Simple answer without numbers to back them up gets you 0 point. (10 point)

Year	Manufacturing	Construction	Hospitality	CPI
2007	17.26	20.95	10.41	207.3
2020	23.45	30.50	13.75	258.4

Answer 1

ANSWER

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