Suppose your grandfather earned a salary of $12,000 in 1964.If the CPI is 31 in 1964 and 219 in 2016,then the value of your grandfather's salary in 2016 dollars is approximately
A) $84,775.
B) $63,830.
C) $37,200.
D) $26,280.
Correct Answer:
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Q193: The producer price index tracks the prices
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