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In 1969,Don Bought a Dodge Dart for $2,500

Question 156

Multiple Choice

In 1969,Don bought a Dodge Dart for $2,500.He drove this car until 2003 when he bought a Honda Civic for $18,000.If the price index in 1969 was 36.7 and the price index in 2006 was 180,what is the price of the Dodge Dart in 2006 dollars?


A) $3,583
B) $4,500
C) $9,762
D) $12,262

Correct Answer:

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