The CPI Rose from 95

question 166

Short Answer

The CPI rose from 95.3 to 115.1 from 2000 to 2016. If you earned $7 per hour in 2000, how much would you have to earn in 2016 to maintain the same purchasing power?

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Definitions:

Lifestyle

The way in which a person or group lives, including patterns of social relations, consumption, entertainment, and dress.

Preindustrial Societies

Societies characterized by limited technological development, with economies primarily based on agriculture and craftsmanship, and lacking in industrialized production methods.

Social Necessity

Essential needs and requirements for individuals and societies to function and thrive, including shelter, healthcare, education, and security.

Gender Roles

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.