Multiple Choice
The 2015 CPI was 225 and the 1982 CPI was 96.5.How much would you need in 2015 in order to buy what you were able to buy with the $1000 in 1982?
A) $960.00
B) $1777.77
C) $1834.20
D) $2331.61
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q120: Which problem in the construction of the
Q123: Which statement best explains whether interest rates
Q143: A Brazilian company produces soccer balls in
Q158: The price index is 320 in one
Q164: Which of the following makes up the
Q169: What does the GDP deflator reflect?<br>A) the
Q173: Babe Ruth's 1931 salary was $80,000. The
Q178: Loretta is offered a job in St.John's
Q181: In a simple economy,people consume only two
Q196: List the three major problems in using