Multiple Choice
Scenario 24-1
The price tag on a tennis ball in 1975 read $0.10,and the price tag on a tennis ball in 2005 read $1.00.The CPI in 1975 was 52.3,and the CPI in 2005 was 191.3.
-Refer to Scenario 24-1.The price of a 1975 tennis ball in 2005 dollars is
A) $0.03.
B) $0.27.
C) $0.37.
D) $1.00.
Correct Answer:
Verified
Correct Answer:
Verified
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