A person pays cash for a house in 1990 for $100 000 and sells it in 2000 for $150 000. Over the same period the CPI has risen from its base index to 200. In terms of this asset, the purchasing power of this person:
A) has increased.
B) has decreased.
C) has remained unchanged.
D) is indeterminate.
Correct Answer:
Verified
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