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Good X Sold for $40 in 1957

Question 45

Multiple Choice

Good X sold for $40 in 1957.The CPI in 1957 was 27.6 and the CPI in 2014 was 244.537.What was the price of good X in 2014 dollars?


A) $514.60
B) $270.92
C) $1,201.60
D) $310.92
E) ​$354.40

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