In June 1960, the Price of Gasoline in the Midwest

question 30

Multiple Choice

In June 1960, the price of gasoline in the Midwest was $0.169 per gallon and the CPI was 29.6 with a base period of 1982 to 1984. What was the real price of gasoline per gallon in base period dollars?

• A)$0.571 per gallon
• B)$0.057 per gallon
• C)$0.05 per gallon
• D)$0.296 per gallon
• E)$0.169 per gallon

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