Suppose the Consumer Price Index for 2012 was 121.4 and for 2014 it was 124.4. (a) Determine the purchasing power of the dollar in 2012 and 2014 relative to the base year 2002. (b) Compute the purchasing power of the dollar in 2014 relative to 2012. ..... (a) The purchasing power of the dollar in 2012 is. (Round to three decimal places as need.) The purchasing power of the dollar in 2014 is. (Round to three decimal places as need.) (b) The purchasing power of the dollar in 2014 relative to 2012 is. (Round to three decimal places as need.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Suppose the Consumer Price Index for 2012 was 121.4 and for 2014 it was 124.4.
(a) Determine the purchasing power of the dollar in 2012 and 2014 relative to the base year 2002.
(b) Compute the purchasing power of the dollar in 2014 relative to 2012.
....E
(a) The purchasing power of the dollar in 2012 is.
(Round to three decimal places as need.)
The purchasing power of the dollar in 2014 is.
(Round to three decimal places as need.)
(b) The purchasing power-of the dollar in 2014 relative to 2012 is.
I (Round to three decimal places as need.)
Transcribed Image Text:Suppose the Consumer Price Index for 2012 was 121.4 and for 2014 it was 124.4. (a) Determine the purchasing power of the dollar in 2012 and 2014 relative to the base year 2002. (b) Compute the purchasing power of the dollar in 2014 relative to 2012. ....E (a) The purchasing power of the dollar in 2012 is. (Round to three decimal places as need.) The purchasing power of the dollar in 2014 is. (Round to three decimal places as need.) (b) The purchasing power-of the dollar in 2014 relative to 2012 is. I (Round to three decimal places as need.)
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