The cost of living index for Indiana in the first quarter of 2021 was 89.8 whereas the cost of living index for Illinois was 94.4. Which sentence best compares these values? Illinois has a 4.9% higher cost of living than Indiana. The cost of living is 5.1% lower in Indiana than in Illinois. The cost of living is 5.1% higher in Illinois than in Indiana. For every $100 spent to live in Illinois, you would only spend $89.80 in Indiana. The cost of living in Indiana is 95% less than the cost of living in Illinois.

The cost of living index for Indiana in the first quarter of 2021 was 89.8 whereas the cost of living index for Illinois was 94.4. Which sentence best compares these values? Illinois has a 4.9% higher cost of living than Indiana. The cost of living is 5.1% lower in Indiana than in Illinois. The cost of living is 5.1% higher in Illinois than in Indiana. For every $100 spent to live in Illinois, you would only spend $89.80 in Indiana. The cost of living in Indiana is 95% less than the cost of living in Illinois.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 5SQP

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