Alben Barkley's salary in terms of 1982-1984 dollars = 35000/0.26 = $134615.39
D. Cheney salary in terms of 1982-1984 dollars = 175400/1.771 = $98814.23
The table below shows the salary for two vice presidents of the United States and also...
The table below shows the salary for two vice presidents of the United States and also the value of the CPl during a year in which each was vice president. The base year of the CPl is an average of 1982 to 1984 dollars, Place your final answer to the question in SNoodle below and show your work on your scratch paper. CPI (Base Year Year Vice PresidentSalary 35,000 175,400 1982-1984) 0.26 1951 Alen Barkky 2001 What is the nominal...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...