Multiple Choice
In 1972 in Kelowna, BC, one could buy model rocket engines for $1.50. If those same engines cost $3.00 today, which of the following sets of CPI's would make the engine prices in today's dollars the same for both years?
A) 60 in 1972 and 100 today
B) 60 in 1972 and 110 today
C) 60 in 1972 and 120 today
D) 60 in 1972 and 130 today
Correct Answer:
Verified
Correct Answer:
Verified
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