History, 09.10.2020 08:01 laytonlutz
The prices of consumer goods do not always exactly follow the CPI. The following chart shows several consumer items, along with their respective prices in 1983 and today. Item Price in 1983 ($) Current Price ($) Shower curtain 8.85 15.66 Floor rug 71.25 119.75 T-shirt 13.95 23.99 Oscillating fan 22.75 37.50 Using the prices shown on this chart, which of the following is a reasonable estimate of the current CPI? a. 164 b. 170 c. 185 d. 199
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The prices of consumer goods do not always exactly follow the CPI. The following chart shows several...
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