Multiple Choice
The price of a house in Year 1 was $50,000.If the Consumer Price Index is 101 for Year 1 and 202 for Year 2,the value of the house in Year 2 is ________.
A) $55,000
B) $100,000
C) $150,000
D) $75,000
Correct Answer:
Verified
Correct Answer:
Verified
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