In 1969,Fritz bought a Ford Mustang for $2,500.If the price index was 36.7 in 1969 and the price index was 180 in 2006,then what is the price of the Ford Mustang in 2006 dollars?
A) $509.72
B) $6,866.49
C) $9,761.58
D) $12,261.58
Correct Answer:
Verified
Q9: If the CPI was 104 in 1967
Q20: In 1949,Sycamore,Illinois built a hospital for about
Q23: Ruben earned a salary of $60,000 in
Q28: Scenario 24-2
The price tag on a golf
Q33: Arlo is offered a job in Des
Q36: In 1949,Sycamore,Illinois built a hospital for about
Q260: Iggie took a university teaching job as
Q275: If the CPI was 85 in 1975
Q276: In 1931,President Herbert Hoover was paid a
Q280: Babe Ruth's 1931 salary was $80,000.Government statistics
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