SlideShare a Scribd company logo
1 of 2
The price of a first class stamp is .42 cents in 2009. The price of the same first class stamp in
1975 was .13 cents. The price index in 1975 was 75 and price index in 2009 will be 218. After
adjusting for inflation, how much more expensive is the stamp in 2009 than the stamp in 1975?
Have stamp prices kept pace with the inflation rate from 1975 to 2009? show your work.
Solution
Following details are available from the sum:
Year
Price (Cents)
Price index
1975
0.13
75
2009
0.42
218
Considering the above details, the price of stamp in 2009 would be as below:
Price of stamp in 2009 = (Price index of 2009 / Price index of 1975)
Year Price (Cents) Price index
1975 0.13 75
2009 0.42 218
The price of a first class stamp is -42 cents in 2009- The price of th.docx

More Related Content

More from kdavid658

Please show ALL work- If written please show with neat handwriting- I.docx
Please show ALL work- If written please show with neat handwriting- I.docxPlease show ALL work- If written please show with neat handwriting- I.docx
Please show ALL work- If written please show with neat handwriting- I.docx
kdavid658
 
Please only answer if you know the answer- I have posted this twice an.docx
Please only answer if you know the answer- I have posted this twice an.docxPlease only answer if you know the answer- I have posted this twice an.docx
Please only answer if you know the answer- I have posted this twice an.docx
kdavid658
 
Please make comments of the following discussion in 150-200 words-If y.docx
Please make comments of the following discussion in 150-200 words-If y.docxPlease make comments of the following discussion in 150-200 words-If y.docx
Please make comments of the following discussion in 150-200 words-If y.docx
kdavid658
 

More from kdavid658 (8)

Please show ALL work- If written please show with neat handwriting- I.docx
Please show ALL work- If written please show with neat handwriting- I.docxPlease show ALL work- If written please show with neat handwriting- I.docx
Please show ALL work- If written please show with neat handwriting- I.docx
 
Please only answer if you know the answer- I have posted this twice an.docx
Please only answer if you know the answer- I have posted this twice an.docxPlease only answer if you know the answer- I have posted this twice an.docx
Please only answer if you know the answer- I have posted this twice an.docx
 
Please make comments of the following discussion in 150-200 words-If y.docx
Please make comments of the following discussion in 150-200 words-If y.docxPlease make comments of the following discussion in 150-200 words-If y.docx
Please make comments of the following discussion in 150-200 words-If y.docx
 
Please help!! I need to make the instructions for these by manipulatin.docx
Please help!! I need to make the instructions for these by manipulatin.docxPlease help!! I need to make the instructions for these by manipulatin.docx
Please help!! I need to make the instructions for these by manipulatin.docx
 
PLEASE HELP! 1- The integrating power of globalization forces managers.docx
PLEASE HELP! 1- The integrating power of globalization forces managers.docxPLEASE HELP! 1- The integrating power of globalization forces managers.docx
PLEASE HELP! 1- The integrating power of globalization forces managers.docx
 
please help with answer and explain homo and lumo in terms of acid-bas.docx
please help with answer and explain homo and lumo in terms of acid-bas.docxplease help with answer and explain homo and lumo in terms of acid-bas.docx
please help with answer and explain homo and lumo in terms of acid-bas.docx
 
Please help me with this crossword!SolutionAcross- 4-Constitutional Is.docx
Please help me with this crossword!SolutionAcross- 4-Constitutional Is.docxPlease help me with this crossword!SolutionAcross- 4-Constitutional Is.docx
Please help me with this crossword!SolutionAcross- 4-Constitutional Is.docx
 
Please Type Answer! Compare and contrast the properties of acids and b.docx
Please Type Answer! Compare and contrast the properties of acids and b.docxPlease Type Answer! Compare and contrast the properties of acids and b.docx
Please Type Answer! Compare and contrast the properties of acids and b.docx
 

Recently uploaded

1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
QucHHunhnh
 

Recently uploaded (20)

ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701
 
Dyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptxDyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptx
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptx
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric  nursing HISTORY  COLLECTION  .docxpsychiatric  nursing HISTORY  COLLECTION  .docx
psychiatric nursing HISTORY COLLECTION .docx
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17  How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17  How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Magic bus Group work1and 2 (Team 3).pptx
Magic bus Group work1and 2 (Team 3).pptxMagic bus Group work1and 2 (Team 3).pptx
Magic bus Group work1and 2 (Team 3).pptx
 
Third Battle of Panipat detailed notes.pptx
Third Battle of Panipat detailed notes.pptxThird Battle of Panipat detailed notes.pptx
Third Battle of Panipat detailed notes.pptx
 
SOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning PresentationSOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning Presentation
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 

The price of a first class stamp is -42 cents in 2009- The price of th.docx

  • 1. The price of a first class stamp is .42 cents in 2009. The price of the same first class stamp in 1975 was .13 cents. The price index in 1975 was 75 and price index in 2009 will be 218. After adjusting for inflation, how much more expensive is the stamp in 2009 than the stamp in 1975? Have stamp prices kept pace with the inflation rate from 1975 to 2009? show your work. Solution Following details are available from the sum: Year Price (Cents) Price index 1975 0.13 75 2009 0.42 218 Considering the above details, the price of stamp in 2009 would be as below: Price of stamp in 2009 = (Price index of 2009 / Price index of 1975) Year Price (Cents) Price index 1975 0.13 75 2009 0.42 218