Multiple Choice
In 2009, apples cost $1.49 a pound.Suppose the CPI was 120 in 2009 and 140 in 2010.If there is no change in the real price of an apple in 2010, what is the price of a pound of apples in 2010?
A) $2.74
B) $1.69
C) $1.66
D) $1.74
E) $1.28
Correct Answer:
Verified
Related Questions
Q209: If the bank returns $1,060 on the
Q210: If the real interest rate is 7
Q213: Chloe has a $15,000 personal loan at
Q214: If we look at real and nominal
Q216: If real GDP is greater than nominal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents