Suppose It Costs a Family $20,000 to Live in 1987

question 127

Multiple Choice

Suppose it costs a family $20,000 to live in 1987 and costs $50,000 to live today.If 1987 was the base year,how much is the CPI today?

• A)100
• B)200
• C)250
• D)500
• E)750

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Definitions:

Ethnicity

A category of people who identify with each other based on shared ancestral, social, cultural, or national experiences.

Midlife Crisis

In some normative-crisis models, stressful life period precipitated by the review and reevaluation of one’s past, typically occurring in the early to middle 40s.

Spiritual Powers

Can refer to believed supernatural influences or abilities that impact the physical world or human lives, often associated with religious or mystical contexts.

Extroverted

Characterized by outgoing, socially confident behavior and a preference for seeking stimulation from external sources.