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Question: average annual consumer price index cpi 19821984100 yeaf 1973 1974...

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Average Annual Consumer Price Index (CPI) (1982-1984-100) Yeaf 1973 1974 1975 1976 1977 1978 1979 980 1981 1982 1983 Suppose you needed $28,000 to maintain a particular standard of living in 1975 How much would you have needed in 2003 to maintain the same standard of living? Assume that all prices have risen at the same rate as the CPI Yeat 1995 1996 1997 1998 1999 2000 2001 2002 2003 CPI Year 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 CPI 103.9 1076 1096 CPI 49.3 53 8 56.9 60.6 65.2 72.6 82.4 90.9 96 5 99 6 156.9 160.5 163.0 166 6 172 2 113.6 118.3 1240 130.7 136.2 40320041953 144.5 148 2 How much would you have needed? 97595 Round to the nearest dollar) 179 9 184 0 188 9 2005 195.3
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