FRAME 17.
Now complete the rest of the table.
YEAR
INCOME
CPI
INCOME IN 1985 COLLARS
1985
,000
100
___________________
1986
10,500
108
___________________
1987
11,500
120
___________________
1988
12,000
125
$ 9,600
1989
13,500
150
$ 9,000
FRAME 18.
The expenditures for maintenance during the past 5 years and the price Indices for this time
period are shown below. Compute the "real" cost of maintenance in terms of 1987 dollars for all
5 years.
YEAR
MAINTENANCE EXPENSE
PRICE INDEX
1985
350
82
1986
475
93
1987
560
100
1988
720
111
1989
840
134
25
FI0921
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