SOLUTION: I am a parent trying to help a student. Please help. The problem: Total healthcare in a certain region rose from $926 million in 1978 to $878 billion in 2006. Compare this rise

Algebra ->  Finance -> SOLUTION: I am a parent trying to help a student. Please help. The problem: Total healthcare in a certain region rose from $926 million in 1978 to $878 billion in 2006. Compare this rise       Log On


   

Question 1169142: I am a parent trying to help a student. Please help.
The problem: Total healthcare in a certain region rose from $926 million in 1978 to $878 billion in 2006. Compare this rise in health care spending to the overall rate of inflation as measured by the consumer price index.
my answer: 926N= 878000
N= 948.16 INCREASE
CPI =???
Answer by ikleyn(52786) About Me  (Show Source):
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I am a parent trying to help a student. Please help.
The problem: Total healthcare in a certain region rose from $926 million in 1978 to $878 billion in 2006.
Compare this rise in health care spending to the overall rate of inflation as measured by the consumer price index.
my answer: 926N= 878000
N= 948.16 INCREASE
CPI =???
~~~~~~~~~~~~~~


Let me make couple of notices regarding the posted problem. 

1)  The first sentence states


        "Total healthcare in a certain region rose from $926 million in 1978 to $878 billion in 2006.".


    The common sense tells that there is an ERROR in presenting the numbers  $926 million  and  $878 billion  in the post.



2)  In order for the problem formulation would be COMPLETE, it must provide the CPI value in the text.