If the CPI Was 95 in 1955 and Is 475

question 11

Multiple Choice

If the CPI was 95 in 1955 and is 475 today,then $100 today purchases the same amount of goods and services as

• A)$4.75 purchased in 1955.
• B)$20.00 purchased in 1955.
• C)$95.00 purchased in 1955.
• D)$500 purchased in 1955.

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Definitions:

Unreasonable Risks

Risks that are not justifiable in context, often exceeding the potential benefits or involving dangers that could have been avoided with prudent judgment.

Logic

The science that investigates the principles governing correct or reliable inference and reasoning.

Psychology

The scientific study of mind and behavior, including the examination of consciousness, perception, emotions, and interpersonal relationships.

Certainty

The state of being sure or confident about something, often implying a lack of doubt.