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You Know That a Chocolate Bar Cost Five Cents in 1962

question 5

Multiple Choice

You know that a chocolate bar cost five cents in 1962. You also know the CPI for 1962 and the CPI for today. Which of the following would you use to compute the price of the candy bar in today's prices?


Definitions:

Foreland Basin

A structural basin that forms adjacent to mountain ranges, created by the Earth's crust flexing due to the weight of the overlying mountains.

Crystalline Rocks

Rocks that are composed of crystals or have a crystal-like structure, often formed through the cooling of molten rock.

Continental Shield

A central region of many continents consisting of relatively old metamorphic and igneous rocks, commonly of Precambrian age.

Sediment-Filled Basin

A low area on the earth's surface where sediments have accumulated over time, often forming layers that can contain valuable geological information.

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