please explain and show work In 1970, the CPI was 39 and in 2000 it was...

Question

Question

please explain and show work

business economics

Answer 1

Answer #1

Cost in 2000 = (CPI in 2000/CPI in 1970)*cost in 1970

= (172/39) *0.1 = $0.44

Therefore (c) 0.44 is the answer to the question

Answer 2

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