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    Basic Statistics for Business Economics
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    Exam 15: Index Numbers
  5. Question
    If the Consumer Price Index Is 172
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If the Consumer Price Index Is 172

Question 7

Question 7

Multiple Choice

If the Consumer Price Index is 172.2 (2002 = 100) , what is the purchasing power of the dollar?


A) $1.00
B) $0.33
C) $0.58
D) $0.50
E) $0.72

Correct Answer:

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