Multiple Choice
In June 1960, the price of gasoline in the Midwest was $0.169 per gallon and the CPI was 29.6 with a base period of 1982 to 1984. What was the real price of gasoline per gallon in base period dollars?
A) $0.571 per gallon
B) $0.057 per gallon
C) $0.05 per gallon
D) $0.296 per gallon
E) $0.169 per gallon
Correct Answer:
Verified
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