Suppose That on Average Each Dollar in 1988 Would Buy

question 169

Multiple Choice

Suppose that on average each dollar in 1988 would buy what could have been purchased for 25 cents in 1967 (which you assume is the base year for the CPI) .What is the CPI in 1988?

• A)100
• B)200
• C)400
• D)500
• E)¼

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