Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. 04* SETTINGS196030028026024022020018016014012010080604020Price Then ($)1960Price Now ($)GRAPHYear19651970197510.0010.0019841980Reset20161982-1984 = 100.00198419851990I.PRICE CALCULATIONS1995CPIPrice Then$10.0019842000=105.30Price Now2005 2010$22.79$4.39(CPI data not seasonally adjusted. Source: BLS)$10.002015Year2020a) If the price of a train ticket from New York to Washington DC rose by the rate of inflation between 1995 and 2016, how much would aticket cost in 2016 if it cost $100 in 1995? Instructions: Round your answer to two decimal places. $105.30b) If the price of a movie ticket did not change in real terms between 2010 and 2016, how much did a ticket cost in 2010 if it cost$12.50 in 2016? Instructions: Round your answer to two decimal places. $

Consumer price index change in average price over time. The value of fixed amount of goods measured…

* 1960 300 280 260 240 220 SETTINGS 200 180 160 140 120 100 80 60 40 20 Price Then ($) 1960 Price Now ($) GRAPH Year 1965 1970 10.00 10.00 1984 Reset 2016 1982-1984 = 100.00 1984 1975 1980 1985 M. 1990 PRICE CALCULATIONS CPI 1984 Price Then 1995 2000 = 105.30 Price Now $10.00 $4.39 $10.00 (CPI data not seasonally adjusted. Source: BLS) $22.79 Year 2005 2010 2015 2020 a) If the price of a train ticket from New York to Washington DC rose by the rate of inflation between 1995 and 2016, how much would a ticket cost in 2016 if it cost $100 in 1995? Instructions: Round your answer to two decimal places. $ 105.30 b) If the price of a movie ticket did not change in real terms between 2010 and 2016, how much did a ticket cost in 2010 if it cost $12.50 in 2016? Instructions: Round your answer to two decimal places. $

* 1960 300 280 260 240 220 SETTINGS 200 180 160 140 120 100 80 60 40 20 Price Then ($) 1960 Price Now ($) GRAPH Year 1965 1970 10.00 10.00 1984 Reset 2016 1982-1984 = 100.00 1984 1975 1980 1985 M. 1990 PRICE CALCULATIONS CPI 1984 Price Then 1995 2000 = 105.30 Price Now $10.00 $4.39 $10.00 (CPI data not seasonally adjusted. Source: BLS) $22.79 Year 2005 2010 2015 2020 a) If the price of a train ticket from New York to Washington DC rose by the rate of inflation between 1995 and 2016, how much would a ticket cost in 2016 if it cost $100 in 1995? Instructions: Round your answer to two decimal places. $ 105.30 b) If the price of a movie ticket did not change in real terms between 2010 and 2016, how much did a ticket cost in 2010 if it cost $12.50 in 2016? Instructions: Round your answer to two decimal places. $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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