Compute How Much Each of the Following Items Is Worth

question 31

Essay

Compute how much each of the following items is worth in terms of today's euros using 177 as the price index for today.
a. In 1926, the CPI was 17.7 and the price of a cinema ticket was €0.25.
b. In 1932, the CPI was 13.1 and a cook earned €15.00 a week.
c. In 1943, the CPI was 17.4 and a litre of petrol cost €0.19.

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