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Question 18, 3.D.44
Part 1 of 3
The price of gold (end-of-year closing price in dollars per troy ounce) is
shown in the table below. The CPI index for the given years is shown to the
right. Complete parts (a) through (c) below.
Year 1986 1996 2006 2016
Price $347 $214 $684 $1188
a. The prices shown in the table above are not adjusted for inflation. Revise
the above table to express all prices in terms of 2016 dollars.
2006
Year 1986
2016
1996
$
Price
(Round to the nearest cent as needed)
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2016
S
HW Score: 66.82%, 14.7 of 22 points
Points: 0.2 of 1
Year
CPI
Average Annual
Consumer Price Index (CPI)
1986 1996 2006 2016
109.6 156.9 201.6
240.0
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