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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 the 1970 soda in terms of 2007 dollars is?
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Jan 28, 2020
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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 the 1970 soda in terms of 2007 dollars is?
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Answer:
0.16
Step-by-step explanation: hope it's helpful
Willem Van Ketwich
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Feb 1, 2020
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