The price of a Hershey's Bar has increased from 1947 to 1982. However, the Consumer Price Index has also increased. Remember that the Consumer Price Index shows how the prices for goods and services change over time. Year Cost of a Hershey Bar (in cents) CPI (Consumer Price Index) 1947 5 22.3 1982 30 96.5 Use the table above and select the correct statement to fill in the blank for this statement: From 1947 to 1982, the relative increase in the price of a Hershey's bar was ____________________ the relative increase in CPI. lower than the same as higher than
The price of a Hershey's Bar has increased from 1947 to 1982. However, the Consumer Price Index has also increased. Remember that the Consumer Price Index shows how the prices for goods and services change over time. Year Cost of a Hershey Bar (in cents) CPI (Consumer Price Index) 1947 5 22.3 1982 30 96.5 Use the table above and select the correct statement to fill in the blank for this statement: From 1947 to 1982, the relative increase in the price of a Hershey's bar was ____________________ the relative increase in CPI. lower than the same as higher than
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 price of a Hershey's Bar has increased from 1947 to 1982. However, the Consumer Price Index has also increased. Remember that the Consumer Price Index shows how the prices for goods and services change over time.
Year | Cost of a Hershey Bar (in cents) | CPI (Consumer Price Index) |
1947 | 5 | 22.3 |
1982 | 30 | 96.5 |
Use the table above and select the correct statement to fill in the blank for this statement:
From 1947 to 1982, the relative increase in the price of a Hershey's bar was ____________________ the relative increase in CPI.
lower than |
||
the same as |
||
higher than |
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