Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN: 9780079039897
Author: Carter
Publisher: McGraw Hill
Bartleby Related Questions Icon

Related questions

Question
K
A
The average price of a domestic airline ticket increased
from $236 in 1990 to $444 in 2016. Use the table to the
right to complete parts (a) and (b) below.
CITE
a. Calculate the relative change in price from 1990 to
2016, and compare this change to the overall rate of
inflation as measured by the Consumer Price Index.
Domestic airline ticket prices increased by 88%
(Round to the nearest integer as needed.)
The overall rate of inflation was%
(Round to the nearest Integer as needed.)
Average Annual
Consumer Price Index (CPI)
(1982-1984-100)
Year CPI
1976
56.9
1977
60.6
1978
65 2
1979
72.6
1980
82.4
1981 90.9 1995
152.4 2009 214.5
1982 96.5 1996 156.9 2010 218.1
1983 99.6 1997 160.5 2011 224.9
1984 103.9 1998 163.0 2012 229.6
1985 107.6 1999 166.6 2013 233.0
109.6 2000 172 2 2014 236.7
113.6 2001 177.1 2015 237.0
1988 118.3 2002 179. 2016 240.0
1989 124.0 2003 184.0
1986
1987
Year CPI Year CPI
1990 130.7 2004
1991 136.2 2005
1992 140.3 2006
1993
1994
188.9
195.3
201.6
144.5 2007 207.3
148.2 2008 215.3
Et: 1
expand button
Transcribed Image Text:K A The average price of a domestic airline ticket increased from $236 in 1990 to $444 in 2016. Use the table to the right to complete parts (a) and (b) below. CITE a. Calculate the relative change in price from 1990 to 2016, and compare this change to the overall rate of inflation as measured by the Consumer Price Index. Domestic airline ticket prices increased by 88% (Round to the nearest integer as needed.) The overall rate of inflation was% (Round to the nearest Integer as needed.) Average Annual Consumer Price Index (CPI) (1982-1984-100) Year CPI 1976 56.9 1977 60.6 1978 65 2 1979 72.6 1980 82.4 1981 90.9 1995 152.4 2009 214.5 1982 96.5 1996 156.9 2010 218.1 1983 99.6 1997 160.5 2011 224.9 1984 103.9 1998 163.0 2012 229.6 1985 107.6 1999 166.6 2013 233.0 109.6 2000 172 2 2014 236.7 113.6 2001 177.1 2015 237.0 1988 118.3 2002 179. 2016 240.0 1989 124.0 2003 184.0 1986 1987 Year CPI Year CPI 1990 130.7 2004 1991 136.2 2005 1992 140.3 2006 1993 1994 188.9 195.3 201.6 144.5 2007 207.3 148.2 2008 215.3 Et: 1
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Text book image
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Text book image
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Text book image
Elementary Geometry For College Students, 7e
Geometry
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Cengage,
Text book image
College Algebra
Algebra
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning
Text book image
Functions and Change: A Modeling Approach to Coll...
Algebra
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Cengage Learning