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Buck Bought a House in 1967 for $19,000 and Sold

Question 68

Multiple Choice

Buck bought a house in 1967 for $19,000 and sold it in 2001. If the 1967 CPI is 33.4 and the 2014 CPI is 236.7, how much would the house be worth in 2014 dollars?


A) $155,157
B) $134,650
C) $103,921
D) $95,356

Correct Answer:

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