Multiple Choice
In 1972 in Sarnia, Ontario, one could buy a bag of chips, a pound of hamburger, a package of buns, and a small bag of charcoal for about $2.50. If the same goods today cost about $6.00, which set of CPIs represents the same purchasing power for the cost in 1972 and the cost today?
A) 60 in 1972 and 150 today
B) 65 in 1972 and 156 today
C) 90 in 1972 and 145.8 today
D) 100 in 1972 and 141.67 today
Correct Answer:
Verified
Correct Answer:
Verified
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