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In 1976 a Roast Beef Sandwich Cost 89 Cents at a Local

Question 49

Multiple Choice

In 1976 a roast beef sandwich cost 89 cents at a local fast food shop. If the 1976 CPI is 56.9 and the 1999 CPI is 166.2, compute this cost in 1999 dollars.


A) 31 cents
B) $1.43
C) $1.93
D) $2.60

Correct Answer:

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