Solved: Keeping up with the joneses the jones family had a, Basic Statistics

Keeping up with the joneses the jones family had a

Question: Keeping up with the Joneses. The Jones family had a household income of $30,000 in 1980, when the CPI (1982-84 = 100) was 82.4. The CPI for 2007 was 207.3. How much must the Joneses earn in 2007 to have the same buying power they had in 1980?

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Basic Statistics: Keeping up with the joneses the jones family had a

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