Housing values are appreciating at rate

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Reference no: EM131308211

1. When comparing the buying power of a salary offer of $52,000 in Boston with a $49,000 offer in Los Angeles, the Boston salary offer would buy ____ of goods and services in Los Angeles, assuming the index was 130.6 for Boston and 114.9 for Los Angeles.

a. ?$55,695

b. ?$45,748

c. ?$43,109

d. ?$59,105

2. Housing values are appreciating at a rate of 3 percent a year. Approximately how much will your $100,000 house be worth in ten years if this rate of appreciation continues??

a. ?$134,390

b. ?$146,320

c. ?$155,080

d. ?$174,410

Reference no: EM131308211

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