Question
A candy bar cost $0.60 in 2014. The value for the CPI in 1962 is 30.4 and the value of the CPI for 2014 is
A candy bar cost $0.60 in 2014. The value for the CPI in 1962 is 30.4 and the value of the CPI for 2014 is 236.2, what is the price of a candy bar in 1962 dollars?
Group of answer choices
$0.13
$0.08
$0.78
$0.24
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
