Suppose That the CPI Was 87

question 31

Multiple Choice

Suppose that the CPI was 87.5% in 2000 and 132.2% in 2009. What is the value of $50 000 in 2009 in terms of 2000 dollars?

• A)$66 100
• B)57 143
• C)$43 750
• D)$37 821
• E)$33 094

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Definitions:

North America

A continent located in the Northern Hemisphere, mainly consisting of three countries: Canada, the United States, and Mexico.

China

A country in East Asia, the world's most populous nation, known for its rich history, culture, and its significant role in the global economy and politics.

Europe

A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, characterized by diverse cultures, languages, and histories among its countries.

Collectivism

A cultural or social outlook that emphasizes the importance of groups and collective identity over individual action or identity.