In 1980, the price of a gallon of gasoline was $1.25. The Consumer Price Index was 82.4 in 1980 compared to 215.3 in 2008 (1983 − 1984 = 100). Measured in 2008 dollars, the price of gasoline in 1980 was
A) $0.56.
B) $1.25.
C) $2.37.
D) $3.27.

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The Answer of In 1980, the price of a gallon of gasoline was $1.25. The Consumer Price Index was 82.4 in 1980 compared to 215.3 in 2008 (1983 − 1984 = 100). Measured in 2008 dollars, the price of gasoline in 1980 was
A) $0.56.
B) $1.25.
C) $2.37.
D) $3.27.

In 1980, the Price of a Gallon of Gasoline Was