Use the Consumer Price Index Below to Answer the Question

question 98

Essay

Use the Consumer Price Index below to answer the question. $$\begin{array}{l}\text { Average Annual Consumer Price Index (1982-1984 = 100) }\\\begin{array} { c | c | c | c | c | c } \text { Year } & \text { CPI } & \text { Year } & \text { CPI } & \text { Year } & \text { CPI } \\\hline 1986 & 109.6 & 1995 & 152.4 & 2004 & 188.9 \\1987 & 113.6 & 1996 & 156.9 & 2005 & 195.3 \\1988 & 118.3 & 1997 & 160.5 & 2006 & 201.6 \\1989 & 124.0 & 1998 & 163.0 & 2007 & 207.3 \\1990 & 130.7 & 1999 & 166.6 & 2008 & 215.3 \\1991 & 136.2 & 2000 & 172.2 & 2009 & 214.5 \\1992 & 140.3 & 2001 & 177.1 & 2010 & 218.1 \\1993 & 144.5 & 2002 & 179.9 & 2011 & 224.9 \\1994 & 148.2 & 2003 & 184.0 & 2012 & 229.6\end{array}\end{array}$$
-In 1992, Sue rented out her apartment for $760 per month. In 2000 she charged $800 per
month.
Convert the 1992 price to 2000 dollars. In real terms, how does the actual price in 2000
compare to the price in 1992? Explain your reasoning.

---

Definitions:

Gender Violence

Acts of violence or aggression, including physical, sexual, and psychological abuse, targeted at individuals based on their gender, often perpetuating gender inequalities and discrimination.

Gender Equality

The state in which access to rights or opportunities is unaffected by gender.

Spousal Violence

Physical, sexual, or psychological harm by one partner against the other in a marital, cohabitating, or intimate relationship.

Equal-Pay Study

A research effort focused on analyzing and addressing the gaps in wages between different groups of workers, typically based on gender, race, or similar factors.