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In 2009, Apples Cost $1

question 152

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In 2009, apples cost $1.49 a pound.Suppose the CPI was 120 in 2009 and 140 in 2010.If there is no change in the real price of an apple in 2010, what is the price of a pound of apples in 2010?


Definitions:

Scapegoats

Individuals or groups blamed for wrongdoings, mistakes, or faults of others, often as a way of diverting attention or to satisfy the need to assign blame.

Japanese Canadians

Canadians of Japanese ancestry, a community that has contributed to Canada's cultural, social, and economic fabric.

Pearl Harbor

The site of a surprise military attack by the Japanese Navy against the United States at the naval base in Hawaii on December 7, 1941, leading the U.S. into World War II.

Ethnic Group

A community or population made up of people who share a common cultural background or descent.

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