Related to the Economics in Practice on P

question 180

Multiple Choice

Related to the Economics in Practice on p. 453: The Consumer Price Index in the United States was 215.3 in 2008 and 214.5 in 2009. If a retiree received a monthly pension check of $3,200.00 in 2008 and his pension is tied to the CPI, how much would his monthly pension check be in 2009?

• A) $3174.40
• B) $3,188.11
• C) $3,200.00
• D) $3,214.50

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