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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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    The CPI Was 96 in 1982,and the CPI Was 230
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The CPI Was 96 in 1982,and the CPI Was 230

Question 46

Question 46

Multiple Choice

The CPI was 96 in 1982,and the CPI was 230 in 2012.How much money would you have needed in 2012 in order to buy what you could have bought with $500 in 1982?


A) $208.96
B) $1,197.92
C) $697.92
D) $1,697.92

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