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dollars? 1. If the CPI in 1980 is 200 and the CPI today is 300, how much would $600 in 1980 be worth in today's

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dollars? 1. If the CPI in 1980 is 200 and the CPI today is 300, how much would $600 in 1980 be worth in today's 2. A movie ticket for "Gone With the Wind" cost $1 in 1939. If the CPI in 1939 is 13.9 and the CPI in 2018 is 252.0, how much did the ticket cost in today's dollars? 3. If your savings account pays you 8% interest, and the inflation rate is 3%, what is the real interest rate on the account? 4. Which of the problems in the construction of the CPI can be illustrated by each of the following: a. the invention of cell phones b. the introduction of airbags in cars c. increased personal computer purchases in response to a decline in their price d. better picture quality in 32-inch televisions e. greater use of fuel-efficient cars in response to an increase in gasoline prices

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