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The 2005 CPI Was 196 and the 1982 CPI Was

Question 121

Multiple Choice

The 2005 CPI was 196 and the 1982 CPI was 96.5.If your parents put aside $1,000 for you in 1982,how much would you have needed in 2005 in order to buy what you could have bought with the $1,000 in 1982?


A) $1,834.20
B) $2,031.09
C) $2,308.89
D) None of the above is correct.

Correct Answer:

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