If the Price of a Soda Was 15 Cents in 1970,when

question 210

Multiple Choice

If the price of a soda was 15 cents in 1970,when the CPI was 50,and 50 cents in 2007,when the CPI was 172,then

• A)prices on average have increased 567 percent.
• B)prices on average have increased 244 percent.
• C)the price of the soda was greater in real value in 1970 than in 2007.
• D)the price of a soda has increased a greater percentage than the CPI.
• E)the real price of a soda is the same in 1970 and 2007.