By what percent has real price of laptops changed, Microeconomics

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By what percent has real price of laptops changed

The nominal price of a 1990 laptop was $3,500 and the CPI that year was 130.7. The nominal price of a laptop in 1998 was $1,600 and the CPI that year was 163.0. What is the real price of a 1998 laptop in terms of 1990 dollars? By what percent has the real price of laptops changed?

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Microeconomics: By what percent has real price of laptops changed

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Microeconomics: By what percent has real price of laptops changed

Reference No:- TGS072302

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Differentiate shutting down and going out of business

Q : Annual simple interest

Q : What would report goodwill of

Q : Problem on credits to the account

Q : By what percent has real price of laptops changed

Q : Core of consistency across communication options

Q : How much is the first year''s depreciation expense

Q : What is the statute of limitation

Q : What proceeds does mayberry receive from the investors

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: By what percent has real price of laptops changed

Reference No:- TGS072302

Recent Questions Asked Microeconomics

Q : Differentiate shutting down and going out of business

Q : Annual simple interest

Q : What would report goodwill of

Q : Problem on credits to the account

Q : By what percent has real price of laptops changed

Q : Core of consistency across communication options

Q : How much is the first year''s depreciation expense

Q : What is the statute of limitation

Q : What proceeds does mayberry receive from the investors

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