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MrClooney Inherited a Sum of $30,000 in 1990

Question 141

Multiple Choice

Mr.Clooney inherited a sum of $30,000 in 1990.If the price index was 100 for 1990 and 188 for 2014,the value of the money he inherited in 2014 dollars is ________.


A) $56,400
B) $45,200
C) $38,800
D) $48,000

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