Kamel Bought a House in 1982 for $67,000 and Sold

question 93

Short Answer

Kamel bought a house in 1982 for $67,000 and sold it in 2014. If the 1982 CPI is 96.5 and the 2014 CPI is 236.7, how much would the house be worth in 2014 dollars?

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Definitions:

Service Delivery Approaches

Methods or strategies adopted by businesses or organizations to distribute their services to customers effectively.

Organizational Change

The process through which a company or organization changes its structure, strategies, operational methods, technologies, or organizational culture.

Forces Resisting Change

The challenges or resistances faced during the process of making alterations in organizational strategies, processes, or culture.

Reward System

A structure within an organization designed to motivate employees by recognizing and rewarding their performance.