If the CPI Was 90 in 1975 and Is 225

question 164

Multiple Choice

If the CPI was 90 in 1975 and is 225 today, then $100 today purchases the same amount of goods and services as

• A)$25.00 purchased in 1975.
• B)$33.33 purchased in 1975.
• C)$40.00 purchased in 1975.
• D)$135.55 purchased in 1975.

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Definitions:

Harold Innis

A Canadian economist and professor known for his contributions to communication theory and economic history, especially concerning media and resource economies.

Time and Space

Fundamental concepts in various disciplines, representing the dimensions in which events occur and matter exists.

Harold Innis

A Canadian economist and professor known for his contributions to communication theory and the study of Canadian economic history.

Society

A collection of people engaged in continuous social interaction or a substantial social group inhabiting the same geographic or social area, usually under the same political rule and common cultural norms.