The average corn price received by farmers in 1950 was 152, Ask an Expert

Economics

The average corn price received by farmers in 1950 was $1.52 and in 2014 it was $4.11. The Consumer Price

Index (CPI) with a base period of 1982 through 1984 were 24.1 and 236.7 for the same years, respectively.

What are the corn prices for those years in real 1982-4 dollars (to the nearest cent)?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91519526

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