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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 108
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If the CPI Was 108

Question 69

Question 69

Multiple Choice

If the CPI was 108.00 in 1942 and is 336.96 today,then $10 in 1942 purchased the same amount of goods and services as


A) $2.57 purchases today.
B) $28.89 purchases today.
C) $31.20 purchases today.
D) $38.89 purchases today.

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