Suppose the CPI Was 95 in 1955, and Suppose Currently

question 115

Multiple Choice

Suppose the CPI was 95 in 1955, and suppose currently the CPI is 475. According to the CPI, $100 today purchases the same amount of goods and services as

• A) $20.00 purchased in 1955.
• B) $33.33 purchased in 1955.
• C) $47.50 purchased in 1955.
• D) None of the above is correct.

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