In 1964 in London,Ontario,one could buy a chili dog and a root beer for $1.25;today the same chili dog and root beer cost $3.75.Which of the following sets of CPIs represents the same purchasing power for the cost in 1964 and the cost today?
A) 60 in 1964 and 141.6 today
B) 75 in 1964 and 126.4 today
C) 80 in 1964 and 112.0 today
D) 90 in 1964 and 270.0 today
Correct Answer:
Verified
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