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Suppose That the Price of a Slice of Pizza in New

Question 54

Multiple Choice

Suppose that the price of a slice of pizza in New York City in 2017 was $3. Further, the Consumer Price Index (CPI) in 1970 was 75 and in 2017 was 250. The price of the slice of pizza in 1970 dollars is _____ cents.


A) 30
B) 50
C) 70
D) 90

Correct Answer:

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