The dollar values take into account the changes in the economy over the years (i.e., inflation).     A typical middle-income household in 1980 earned $35,284. A similar household in 2009 earned $39,971. What was the relative increase in income for these households from 1980 to 2009? Round to the nearest one percent.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The dollar values take into account the changes in the economy over the years (i.e., inflation).

 

 

A typical middle-income household in 1980 earned $35,284. A similar household in 2009 earned $39,971. What was the relative increase in income for these households from 1980 to 2009? Round to the nearest one percent.

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