Multiple Choice
In 1940 you could buy a "nickel Pepsi" for (oddly enough) a nickel.If the price index in 1940 was 14 and the 2011 price index was 221,then the inflation-adjusted price of a Pepsi would be
A) a nickel ($0.05) .
B) a dime ($0.10) .
C) about 79 cents ($0.79) .
D) about $1.21.
E) $0.00317.
Correct Answer:
Verified
Correct Answer:
Verified
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