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Solve the Problem $3.22\$ 3.22 Per Gallon 56.756.7 Cents Per Gallon 265.3265.3 B) 567.9567.9

Question 253

Multiple Choice

Solve the problem.
-Suppose the current cost of gasoline is $3.22\$ 3.22 per gallon. Find the current price index using the 1975 price as the reference value. In 1975 , the cost of gasoline was 56.756.7 cents per gallon.


A) 265.3265.3
B) 567.9567.9
C) 17.617.6
D) 5.75.7

Correct Answer:

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