Multiple Choice
The 2002 CPI was 177 and the 1982 CPI was 96.5. If your parents put aside $1000 for you in 1982, how much would you have needed in 2002 in order to buy what you could have with the $1000 in 1982?
A) $1834.20
B) $1777.77
C) $1714.81
D) $960
Correct Answer:
Verified
Correct Answer:
Verified
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