In 1975, the price of a Big Mac was $0.50. Use the information in the table below to find the price of a Big Mac in 2006 dollars. Year CPI 1975 53.8 2006 201.6 Source: Bureau of Labor Statistics. Base year = 1962-84. The value of a 1975 Big Mac in 2006 dollars is $ . (Round your answer to two decimal places.) The actual price of a Big Mac in 2006 was approximately $2.99. Thus the price of Big Macs has risen the cost of living