Essay
Compute how much each of the following items is worth in terms of today's euros using 177 as the price index for today.
a.In 1926, the CPI was 17.7 and the price of a cinema ticket was r₀.25.
b.In 1932, the CPI was 13.1 and a cook earned r₁5.00 a week.
c.In 1943, the CPI was 17.4 and a litre of petrol cost r₀.19.
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a.The cinema ticket is worth r₀.25×177/1...View Answer
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