Multiple Choice
Suppose the CPI was 95 in 1955, and suppose currently the CPI is 475. According to the CPI, $100 today purchases the same amount of goods and services as
A) $20.00 purchased in 1955.
B) $33.33 purchased in 1955.
C) $47.50 purchased in 1955.
D) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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