Multiple Choice
In 1964 in London, Ontario, one could buy a fish and chips for $2.00; today the same fish and chips cost $5.55. Which set of CPIs represents the same purchasing power for the cost in 1964 and the cost today?
A) 60 in 1964 and 141.6 today
B) 75 in 1964 and 126.4 today
C) 80 in 1964 and 112.0 today
D) 90 in 1964 and 250.0 today
Correct Answer:
Verified
Correct Answer:
Verified
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