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Suppose That the CPI Is Currently 300 and Was 50

Question 28

Multiple Choice

Suppose that the CPI is currently 300 and was 50 in 1950. Then, according to the CPI, $1 in 1950 purchased the same amount of goods and services as what amount today?


A) $0.6
B) $3
C) $4
D) $6

Correct Answer:

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