The CPI (Using a 2000 Base Year) for 1965 Is

question 13

Multiple Choice

The CPI (using a 2000 base year) for 1965 is 26.0. Suppose a household's annual take-home pay in 1965 was $8,320. What would be an equivalent take-home pay in 2000?

• A) $10,483.
• B) $21,632.
• C) $23,680.
• D) $32,000.

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