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In 1981, our debt was $195 billion.In 1988, the debt was $325 billion.The CPI in 1981 was 96, while the CPI in 1988 was 125
In 1981, our debt was $195 billion.In 1988, the debt was $325 billion.The CPI in 1981 was 96, while the CPI in 1988 was 125 (1982=100).What was the real debt in 1988 in terms of 1981 prices?
a.$660.2 billion
b.$249.6 billion
c.$75 billion
d.$130 billion
e.$135.4 billion
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