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Suppose That the CPI Is Currently 200 and Was 40

Question 85

Multiple Choice

Suppose that the CPI is currently 200 and was 40 in 1950. Then, according to the CPI, $1 in 1950 purchased the same amount of goods and services as what amount today?


A) $5
B) $4
C) $3
D) $0.2

Correct Answer:

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