Which house and which jacket have the lower prices

Reference no: EM13863241

Question:

"In 2008, Annie, an 80-year-old, is telling her granddaughter Susie about the good old days. Annie says that in 1938, you could buy a nice house for $15,000 and a jacket for $5.

Susie says that today such a house costs $220,000 and such a jacket costs $70. The CPI in 1938 was 14.1 and in 2008 it was 215.3.

Which house and which jacket have the lower prices?"

Reference no: EM13863241

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