For all these problems, it is not enough to simply state an answer; you must show your work in such a way that your reasoning is clear.
Section 3C:
A-F. Do problems 16b, 30, 32, 48, 52, and 54. In problems 30 and 32, do exact arithmetic, and save all rounding for reporting your final answer.
G-H. Do problems 64 and 66 (see note preceding problem 59).
Section 3D:
I-M. Do problems 18, 20, 28, 32, and 34.
N. Say that the CPI for Tampa, FL is 168.5 this year
and the CPI for New York, NY this year is 212.7
(and assume that both CPI's are expected to remain unchanged
in the short run).
(a) If I have to choose between
a job in Tampa that pays $30,000 per year
and a job in New York City that pays $40,000 per year,
which job will give me more buying power,
as estimated by that cities' respective consumer price indices?
(b) Suppose the salary offer for both jobs
goes up by $20,000,
so that the Tampa job pays $50,000 per year
and the New York job pays $60,000 per year.
Which job will give me more buying power?