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Good X Sold for $40 in 1957

Question 113

Multiple Choice

Good X sold for $40 in 1957.The CPI in 1957 was 27.6 and the CPI in 2009 was 214.537.What was the price of good X in 2009 dollars?

A) $514.60
B) $270.92
C) $1,201.60
D) $310.92

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