Essay
Compute how much each of the following is worth in terms of today's dollars using 177 as the price index for today.
a.In 1926 the CPI was 17.7 and the price of a movie ticket was $0.25
b.In 1932 the CPI was 13.1 and a cook earned $15.00 a week
c.In 1943 the CPI was 17.4 and a gallon of gas cost $0.19
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a.The movie ticket is worth $0.25 * 177/...View Answer
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