Suppose That the CPI Is Currently 300 and Was 50

question 28

Multiple Choice

Suppose that the CPI is currently 300 and was 50 in 1950. Then, according to the CPI, $1 in 1950 purchased the same amount of goods and services as what amount today?

• A) $0.6
• B) $3
• C) $4
• D) $6

---

Definitions:

Present Outcomes

Present outcomes are the immediate results or consequences of actions taken at the current time.

Average Turnover

The average rate at which employees leave a company and are replaced over a certain period of time.

Enterprise Rent-A-Car

A car rental company known for its extensive network of locations, high level of customer service, and management training programs.

Business Strategy

A plan of action designed to achieve a long-term or overall aim within the competitive setting of an organization.