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You Know That a Chocolate Bar Costs 60 Cents Today

Question 119

Multiple Choice

You know that a chocolate bar costs 60 cents today. You also know the CPI for 1962 and the CPI for today. Which of the following would you use to compute the price of the candy bar in 1962 prices?


A) 60 cents × (today's CPI - 1962 CPI)
B) 60 cents × (1962 CPI - today's CPI)
C) 60 cents × (today's CPI/1962 CPI)
D) 60 cents × (1962 CPI/today's CPI)

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