Wednesday
October 1, 2014

Homework Help: Economics

Posted by Brett on Thursday, January 29, 2009 at 8:23pm.

From 1962 to 1965, federal spending on non-defense-related education and training rose from $9.6 billion to $19.5 billion, while from 2001 to 2004, it rose from $178.4 billion to $217.5 billion. Given that the Consumer Price Index ( in January) was 30.0 in 1962, 31.2 in 1965, 175.1 in 2001, and 185.2 in 2004, which was the larger increase in education and training expenses?

I know from 62-65 there was a 9.9b increase and a cpi increase of 1.2

from 01-04 there is 39.1b increase and cpi is 10.1 increase

this is where im confused do i multiply the 2 sets together and the bigger one is the larger increase?

thanks

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