The 2001 CPI was 171.1 (1982-84 = 100). What is the purchasing power of the dollar relative to the base?
A) $0.58
B) $0.74
C) $0.44
D) $0.56

Name: The 2001 CPI was 171.1 (1982-84 = 100). What is the purchasing power of the dollar relative to the base? A) $0.58 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 value and then multiplied by 100. So, it's 1 / 171.1 * 100 = $0.58.

The 2001 CPI Was 171