In 1972,one Could Buy Model Rocket Engines for $1

question 4

Multiple Choice

In 1972,one could buy model rocket engines for $1.50 each.If those same engines cost $2.50 each today,then which pair of CPIs would make the engine prices in today's dollars the same for both years?

• A)60 in 1972 and 95 today
• B)60 in 1972 and 120 today
• C)90 in 1972 and 150 today
• D)96 in 1972 and 154 today

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Definitions:

French and Indian War

A conflict between Britain and France from 1754 to 1763 in North America, part of a larger series of conflicts known as the Seven Years' War.

Napoleon

A French military leader and emperor in the early 19th century, known for his significant impact on European politics and warfare.

Taxes

Compulsory financial charges levied by a government on individuals and organizations to fund public expenditures, including infrastructure, services, and security.

Congress of the Confederation

The governing body of the United States under the Articles of Confederation, consisting of representatives from each state and possessing limited powers.