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Table of Contents Part 3 of 10. Question 26 of 35. 1 Points Suppose that in 1991, a Pepsi cost $.75, a hamburger cost $1.00,
Table of Contents Part 3 of 10. Question 26 of 35. 1 Points Suppose that in 1991, a Pepsi cost $.75, a hamburger cost $1.00, and a loaf of white bread costs $.80. The value of the CPI in 1991 was 1362 Today, let's assume a Pepsi costs $1.75, a hamburger costs $2.10, and a loaf of white bread costs $1.15. The current CPI is 249.6. Which of these goods is really more expensive now than in 19917 OA. Only the loaf of bread is more expensive now than in 1991. OB. Only the burger is more expensive now than in 1991. OC. Both the Pepsi and the burger are more expensive now than in 1991. OD. They're all more expensive now in terms of real buying power than in 1991. OE. None of these answers are true. Reset Selection Mark for Review What's This? A Question Progress & sions Part 4 of 10 book cements Question 27 of 35 1 Points es ents Support Suppose the glorious land of Mushrushia starts off with a per-capita income of $1,000, but experiences an average annual growth rate of 2% After 105 years, the per capita income has increased to A $32,000 $8.000 OC. $10,000 D$16,000 Reset Selection Mark for Review What's This? Previous Next Save Ext
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