If the Purchasing Power of a Dollar Measured in Terms

question 55

Multiple Choice

If the purchasing power of a dollar measured in terms of the base year was $0.42, what was the price index?

• A) 238
• B) 244
• C) 41
• D) 42
• E) 100

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Definitions:

Rural Freedmen

Former enslaved African Americans who lived in rural areas during the Reconstruction era in the United States, often working as sharecroppers or tenant farmers.

Freedmen's Bureau

An agency established by Congress in 1865 to assist freed slaves in the South during the Reconstruction era, providing food, housing, education, and legal aid.

Great Depression

The Great Depression was a severe worldwide economic downturn that lasted from 1929 to the late 1930s, marked by high unemployment, deflation, and a massive loss of global trade.

Social Policies

Guidelines and interventions by a government aimed at influencing societal welfare and well-being.