When Flat Screen Televisions Were First Introduced in 1997 They

question 113

Multiple Choice

When flat screen televisions were first introduced in 1997 they were priced at $15,000.If the CPI in 1997 was 160 and the CPI in 2019 is 265,then this price is equivalent to approximately ______________________in 2019 dollars.If the average flat screen TV sells for $550 in 2019,the percentage change between the inflation-adjusted price of a flat screen TV in 1997 and the actual price in 2019 price is ___________.

• A) $15,469; -96.4 percent
• B) $19,887; -95.6 percent
• C) $24,844; -97.7 percent
• D) $154; 3.6 percent
• E) $367; 8.3 percent

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Definitions:

Iron Supplements

Products or medications used to increase the amount of iron in the body, often used to treat or prevent iron deficiency anemia.

Tarry Green Stools

Stools that are black or dark green in color, potentially indicating gastrointestinal bleeding or the presence of bile, requiring medical evaluation.

Diarrhea

The occurrence of loose or watery stools frequently, which can lead to dehydration and mineral imbalances.

One-piece Construction

A design or manufacturing method where an object or structure is made as a single, continuous piece without assembled parts.