In 1949,Sycamore,Illinois Built a Hospital for About $500,000

Multiple Choice

In 1949,Sycamore,Illinois built a hospital for about $500,000.In 1987,the county restored the courthouse for about $2.4 million.A price index for nonresidential construction was 14 in 1949,92 in 1987,and 114.5 in 2000.According to these numbers,the hospital cost about

A) $3.6 million in 2000 dollars,which is less than the cost of the courthouse restoration in 2000 dollars.
B) $3.6 million in 2000 dollars,which is more than the cost of the courthouse restoration in 2000 dollars.
C) $4.1 million in 2000 dollars,which is less than the cost of the courthouse restoration in 2000 dollars.
D) $4.1 million in 2000 dollars,which is more than the cost of the courthouse restoration in 2000 dollars.