Find the CPI with the following infomation.

Question

19. Let's say you graduate from college and accept a job in 2018. You decide to compare your starting salary with your grandfather's and mother's starting salaries.

The salaries you compare are: • You: $80,000 per year beginning in 2018

Your mother: $50,000 per year beginning in 1983

Your grandfather: $20,000 per year beginning in 1965

To compare these salaries, you decide to use the CPI using 1983 as the base year. b

. Fill in the missing data point in the following table:

Year

CPI

1965 30

1983 ????? FIND CPI HERE

2015 238

2018 240

Would the CPI for 1983 be 100 or what is the calculation?

Answer 1

1983 is the base year so it is 100 all the other information is superfluous for this problem