o Suppose you needed $37,000 to maintain a particular standard of living in 1980. How much would you have needed in 2010 to maintain the same standard of living? Assume that all prices have risen at the same rate as the CPI. Year 2001 How much would you have needed? 1990 130.7 2002 2003 Year 1976 1977 1978 1979 1979 1980 1980 1981 1901 1982 1902 1983 1983 1984 1985 1986 1987 1988 (Round to the nearest dollar.) Average Annual Consumer Price Index (CPI) (1982-1984=100) CPI Year CPI 56.9 1989 124.0 60.6 65.2 1991 136.2 72.6 1992 12.6 140.3 1994 140.3 82.4 1993 144.5 90.9 1999 144.0 90.9 1994 148.2 1994 96.5 140.2 1995 96.5 152.4 152.4 1995 99.6 99.5 1996 1996 156.9 156.9 103.9 103.9 1997 107.6 1998 109.6 1999 113.6 2000 118.3 CPI 177.1 179.9 184.0 188.9 195.3 201.6 207.3 215.3 2004 2005 2006 2006 2000 2007 2007 2008 2008 2009 2010 2011 2012 214.5 160.5 163.0 166.6 218.1 224.9 229.6 172.2