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    Principles of Macroeconomics Study Set 8
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    Exam 11: Measuring the Cost of Living: Correcting Economic Variables for the Effects of Inflation
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    If the CPI Was 104 in 1967 and Is 390
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If the CPI Was 104 in 1967 and Is 390

Question 116

Question 116

Multiple Choice

If the CPI was 104 in 1967 and is 390 today,then $10 in 1967 purchased the same amount of goods and services as


A) $2.67 purchases today.
B) $37.50 purchases today.
C) $39.00 purchases today.
D) $104.00 purchases today.

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