The Consumer Price Index (1982-1984 = 100) in 2016 Was

Multiple Choice

The Consumer Price Index (1982-1984 = 100) in 2016 was about 237.1. The CPI in 1930 (same base) was 16.7. The New York Yankees paid Babe Ruth $80,000 in 1930, an enormous salary for an athlete in those days. The buying power of the Babe's salary in 2016 dollars is about:

A) $594,042.
B) $1,077,365.
C) $1,135,808.
D) $16,656,000.
E) $17,992,000.