Answers26-27 Ignite Financial Literacy Personal Finance - EL3403Inflation and Purchasing PowerQuestion 9
9
QuizMultiple Choice

Inflation and Purchasing Power

Question 9 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

In 1983, a hardcover dictionary cost $145.75. If the CPI is currently 209, what would a hardcover dictionary cost today? Round to the nearest cent.

Answer
A
$354.75
B
$304.62
C
$254.75
D
$209.00
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