1. When comparing the buying power of a salary offer of $52,000 in Boston with a $49,000 offer in Los Angeles, the Boston salary offer would buy ____ of goods and services in Los Angeles, assuming the index was 130.6 for Boston and 114.9 for Los Angeles.
a. ?$55,695
b. ?$45,748
c. ?$43,109
d. ?$59,105
2. Housing values are appreciating at a rate of 3 percent a year. Approximately how much will your $100,000 house be worth in ten years if this rate of appreciation continues??
a. ?$134,390
b. ?$146,320
c. ?$155,080
d. ?$174,410