Multiple Choice
The CPI was 172 in 2007,and the CPI was 46.5 in 1982.If your parents put aside $1,000 for you in 1982,then how much would you have needed in 2007 in order to buy what you could have bought with the $1,000 in 1982?
A) $270.35
B) $1,255.00
C) $2,698.92
D) $3,698.92
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q41: Social Security payments are indexed for inflation
Q87: Arlo is offered a job in Des
Q88: Nate collected Social Security payments of $220
Q90: Scenario 24-3<br>Sue Holloway was an accountant in
Q94: If the CPI was 68 in 1965
Q95: Suppose in the year 2000 Ken earned
Q96: When looking at a graph of nominal
Q97: You know that a candy bar costs
Q109: Indexation refers to<br>A)a process of adjusting the
Q212: Social Security payments are indexed for inflation