In 1976, the Cost of a Ticket to See a Movie

question 104

Multiple Choice

In 1976, the cost of a ticket to see a movie in the theater was $4. In 2019, a movie ticket cost $9. If the CPI is 56 for 1979 and 228 for 2019, to find the real 2019 value of a 1976 movie ticket we would multiply its nominal value in 1976 by which ratio?

• A) 56/228
• B) 228/56
• C) 9/5
• D) 5/9

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