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if a color television cost 500 in 1966, when the CPI was 32.4, and cost 150 in 2005, when the CPI was 188.9, what was
if a color television cost 500 in 1966, when the CPI was 32.4, and cost 150 in 2005, when the CPI was 188.9, what was the real price of the tv in 2005 adjusted to the 1966 price level ? 1. 26 2. 46 3. 124 4. 875
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