Multiple Choice
Ethel purchased a bag of groceries in 1970 for $8.She purchased the same bag of groceries in 2006 for $25.If the price index was 38.8 in 1970 and the price index was 180 in 2006,then what is the price of the 1970 bag of groceries in 2006 dollars?
A) $5.39
B) $25.00
C) $29.11
D) $37.11
Correct Answer:
Verified
Correct Answer:
Verified
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