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In 1972 in Sioux Falls,South Dakota,one Could Buy Model Rocket

Question 151

Multiple Choice

In 1972 in Sioux Falls,South Dakota,one could buy model rocket engines for $1.50 each.If those same engines cost $2.50 each today,which of the following pair of CPIs would make the engine prices in today's dollars the same for both years?


A) 60 in 1972 and 95 today
B) 60 in 1972 and 120 today
C) 90 in 1972 and 150 today
D) None of the above is correct.

Correct Answer:

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