Multiple Choice
Ethel purchased a bag of groceries in 1970 for $10. She purchased the same bag of groceries in 2019 for $25. If the price index was 38.8 in 1970 and 190 in 2019, what's the price of a 1970 bag of groceries in 2019 prices?
A) $5.11
B) $38.80
C) $48.97
D) $190.00
Correct Answer:
Verified
Correct Answer:
Verified
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