6
QuizMultiple Choice

Inflation and Purchasing Power

Question 6 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

When the CPI is 185, an electric razor cost $57.81. What is the difference between the price of an electric razor in 1983 and the cost of an electric razor when the CPI is 207, to the nearest cent?

Answer
A
$33.44
B
$31.25
C
$26.56
D
$6.88
Previous
Next