m/assignment/6955989964/assessment es Groups Resources Grades n M41103SSHC Unit 4 Government and the Market Economy the Consumer Price Index Show instructions Question 13 (3 points) a Submissions Enabled G Question 13 of 13 | Page 5 of 5 Henry Ford increased the daily wage rate for his worker in 1914 to $5.00 a day. What would $5.00 in 1914 with a CPI of 10 be worth in 2018 dollars with the CPI of 251? Formula: 1914 dollar amount x (CPI for 2018) + (CPI for 1914) Review Answers Back

Macroeconomics: Principles and Policy (MindTap Course List)
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Chapter6: How Statisticians Measure Inflation
Section6.A: How Statisticians Measure Inflation
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m/assignment/6955989964/assessment
es
Groups
Resources
Grades
n M41103SSHC Unit 4 Government and the Market Economy
the Consumer Price Index
Show instructions
Question 13 (3 points)
a
Submissions Enabled
G
Question 13 of 13 | Page 5 of 5
Henry Ford increased the daily wage rate for his worker in 1914 to $5.00 a day. What would $5.00 in 1914 with a CPI of 10 be worth in 2018 dollars with
the CPI of 251?
Formula: 1914 dollar amount x (CPI for 2018) + (CPI for 1914)
Review Answers
Back
Transcribed Image Text:m/assignment/6955989964/assessment es Groups Resources Grades n M41103SSHC Unit 4 Government and the Market Economy the Consumer Price Index Show instructions Question 13 (3 points) a Submissions Enabled G Question 13 of 13 | Page 5 of 5 Henry Ford increased the daily wage rate for his worker in 1914 to $5.00 a day. What would $5.00 in 1914 with a CPI of 10 be worth in 2018 dollars with the CPI of 251? Formula: 1914 dollar amount x (CPI for 2018) + (CPI for 1914) Review Answers Back
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