Multiple Choice
The price of a gallon of gasoline was $1.35 in 2000 when the CPI equaled 1.68. The cost of a gallon of gasoline was $2.38 in 2016 when the CPI equaled 2.40. The real cost of a gallon of gasoline between 2000 and 2016:
A) increased.
B) decreased.
C) remained constant.
D) may have either increased or decreased.
Correct Answer:
Verified
Correct Answer:
Verified
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