The CPI (Using a 1982 Base Year) for 1951 Is

question 31

Multiple Choice

The CPI (using a 1982 base year) for 1951 is 26. Suppose a household's annual take home pay in 1951 was $8320. What would be an equivalent home pay in 1982?

• A) $10 483.
• B) $21 632.
• C) $23 680.
• D) $32 000.