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The 2008 CPI (1982-84 = 100) Was 218

Question 14

Multiple Choice

The 2008 CPI (1982-84 = 100) was 218.8 but the component of the CPI for personal computers was 92.9. There were great improvements in quality and features in personal computers between 1982-84 and 2008. We can say that


A) the actual average price of a personal computer in 2008 was only 92.9% of the average price in 1982-84.
B) the actual average price of a personal computer in 2008 was 218.8% of the average price in 1982-84.
C) if a personal computer sold for $1000 in 1982-84, that same computer would sell for only $929 in 2008.
D) Both "the actual average price of a personal computer in 2008 was only 92.9% of the average price in 1982-84" and "if a personal computer sold for $1000 in 1982-84, that same computer would sell for only $929 in 2008" are true.
E) Both "the actual average price of a personal computer in 2008 was 218.8% of the average price in 1982-84" and "if a personal computer sold for $1000 in 1982-84, that same computer would sell for only $929 in 2008" are true.

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