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Single Family Home Relative Change in Price From 1989 to 2008 Paper

Single Family Home Relative Change in Price From 1989 to 2008 Paper

1. The typical (median) price of a single-family home in a certain region rose from $74,300 in 1989 to $171,000 in 2008.

Calculate the relative change in price from1989 to 2008 and compare it to the overall rate of inflation as measured by the Consumer Price Index. The picture below is for this question.
a.Home prices increased by “¦”¦..%
b.The overall rate of inflation was “¦”¦%
2.Last February there were 603,343 scheduled passenger flights in a certain country, and in February of 1996 there were 784,777.

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