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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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    Suppose the CPI Was 56 in 1967,and Suppose One Must
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Suppose the CPI Was 56 in 1967,and Suppose One Must

Question 66

Question 66

Multiple Choice

Suppose the CPI was 56 in 1967,and suppose one must spend $349 today to obtain the same basket of goods and services that could be bought for $100 in 1967.Then today's CPI is


A) 223.7.
B) 195.0.
C) 623.2.
D) 195.4.

Correct Answer:

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