(a) If the 1964 CPI is 31 and the 1990 CPI is 130.7 how much would the house be worth in 1990 dollars? Answer: $
(b) To the nearest hundredth, what is the scaling factor for converting 1964 dollars to 1990 dollars? Answer:
(c) If the 1999 CPI is 166.6, how much is the house worth in 1999 dollars? Answer: $
You can earn partial credit on this problem.