Business, 23.04.2020 18:18 consueloquintan1

In 2015, Annie, an 80-year-old, is telling her granddaughter Mary about the good old days. Annie says that in 1935, you could buy a nice house for $15,000 and a jacket for $5. Mary says that in 2015 such a house costs $220,000 and such a jacket costs $70. The CPI in 1935 was 16.7 and in 2015 it was 218.1. Which house has the lower real price? Which jacket has the lower real price?

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In 2015, Annie, an 80-year-old, is telling her granddaughter Mary about the good old days. Annie say...

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