Multiple Choice
You know that a candy bar costs sixty cents today.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 1962 prices?
A) sixty cents 
(today's CPI - 1962 CPI)
B) sixty cents 
(1962 CPI - today's CPI)
C) sixty cents 
(today's CPI / 1962 CPI)
D) sixty cents 
(1962 CPI / today's CPI)
Correct Answer:
Verified
Correct Answer:
Verified
Q92: The CPI was 172 in 2007,and the
Q94: If the CPI was 68 in 1965
Q95: Suppose in the year 2000 Ken earned
Q96: When looking at a graph of nominal
Q98: If the nominal interest rate is 6
Q99: Harry spent $39,000 in 2009 and $42,000
Q100: A COLA automatically raises the wage when<br>A)GDP
Q101: Ethel purchased a bag of groceries in
Q102: If the nominal interest rate is 9
Q212: Social Security payments are indexed for inflation