Multiple Choice
Suppose the CPI was 104 in 1967, and suppose currently the CPI is 390. According to the CPI, $10 in 1967 purchased the same number of goods and services as
A) $28.88 purchases today.
B) $37.50 purchases today.
C) $42.64 purchases today.
D) $104.00 purchases today.
Correct Answer:
Verified
Correct Answer:
Verified
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