ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If the price of a soda was 15 cents in 1970, when the CPI was 50, and 50 cents in 2007 when the CPI was 172, then the real price of
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the 2007 soda in 1970 dollars is $3.44.
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the 1970 soda in 2007 dollars is 52 cents.
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a soda has risen 567%.
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the soda was 15 cents in 1970 and 50 cents in 2007.
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a soda has risen 350%.
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Explanation:
There is 1 question to complete.