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Suppose That the CPI Is Currently 600 and Was 100

Question 104

Multiple Choice

Suppose that the CPI is currently 600 and was 100 in 1969.Then,according to the CPI,$300 today purchases the same amount of goods and services as what amount in 1969?


A) $25
B) $40
C) $50
D) $400

Correct Answer:

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