The 2009 CPI was 214.537 (1982-84 = 100). What is the purchasing power of the dollar relative to the base?
A) $0.47
B) $0.74
C) $0.44
D) $0.56

Name: The 2009 CPI was 214.537 (1982-84 = 100). What is the purchasing power of the dollar relative to the base? A) $0.47 B) $0.74 C) $0.44 D) $0.56
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Quizplus · Accepted Answer

The purchasing power of the dollar relative to the base period is calculated as 1 divided by the CPI and then multiplied by 100. So, 1 / 214.537 * 100 = approximately $0.47.

The 2009 CPI Was 214