Multiple Choice
You know that a candy bar cost five cents in 1962.You also know the CPI for 1962 and the CPI for today.Which of the following would you use to compute the price of the candy bar in today's prices?
A) five cents 
(1962 CPI / today's CPI)
B) five cents 
((today's CPI - 1962 CPI) /1962 CPI)
C) five cents 
(today's CPI / 1962 CPI)
D) five cents 
today's CPI - five cents
1962 CPI.
Correct Answer:
Verified
Correct Answer:
Verified
Q103: In 1986,Ken bought a Ford Mustang for
Q104: David earned a salary of $43,500 in
Q105: Suppose the consumer price index was 184
Q106: Scenario 24-4<br>Quinn has job offers in Wrexington
Q107: If the nominal interest rate is 5
Q109: Suppose that over the past year,the real
Q110: Suppose that over the past year,the real
Q111: Janelle earned a salary of $62,000 in
Q112: Scenario 24-3<br>Sue Holloway was an accountant in
Q113: In 1972,one could buy a bag of