In June 1960,the Price of Gasoline in the Midwest Was

question 184

Multiple Choice

In June 1960,the price of gasoline in the Midwest was $0.169 per gallon and the CPI was 29.6 with a base period of 1982 to 1984.What was the real price of gasoline per gallon in base period dollars?

• A)$0.05 per gallon
• B)$0.057 per gallon
• C)$0.169 per gallon
• D)$0.571 per gallon
• E)$0.296 per gallon

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Definitions:

National Football League

A professional American football league consisting of 32 teams, divided equally between the National Football Conference (NFC) and the American Football Conference (AFC).

Mean Number

The average of a set of numbers, calculated by dividing the sum of all values by the count of values.

Home Runs

In baseball, a hit by a batter that allows them to circle all the bases, reaching home safely in one play, usually by hitting the ball over the outfield fence.

American League

One of two leagues making up Major League Baseball (MLB) in the United States and Canada, featuring teams such as the New York Yankees and Boston Red Sox.