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Scenario 24-2 The Price Tag on a Golf Ball in 1975 Read

Question 47

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Scenario 24-2
The price tag on a golf ball in 1975 read $0.20,and the price tag on a golf ball in 2005 read $2.00.The CPI in 1975 was 52.3,and the CPI in 2005 was 191.3.
-Refer to Scenario 24-2.In 1975 dollars,a 1975 golf ball cost $0.20 and a 2005 golf ball cost


A) $0.55,so golf balls were cheaper in 1975.
B) $0.55,so golf balls were cheaper in 2005.
C) $7.32,so golf balls were cheaper in 1975.
D) $7.32,so golf balls were cheaper in 2005.

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