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29 October, 05:43

Using the CPI-adjusted price series what was the median price of a new house in 1980 and in 2015? What was the percentage increase in the adjusted price of a median house between 1980 and 2015?

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  1. 29 October, 09:12
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    The percent increase: = 57.80%.

    Explanation:

    1980 (CPI-adjusted) : 78,545.41776

    2015 (CPI-adjusted) : 123,944.78325

    The percent increase in price is = 123,944.78325 / 78,545.41776 * 100

    =57.80%

    Thus, the percent increase: = 57.80%.
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