You know that a candy bar costs sixty cents today. You also know the CPI for 1962 and the CPI for today. Which of the following would you use to compute the price of the candy bar in 1962 prices?
A) sixty cents 
(today's CPI - 1962 CPI)
B) sixty cents 
(1962 CPI - today's CPI)
C) sixty cents 
(today's CPI / 1962 CPI)
D) sixty cents 
(1962 CPI / today's CPI)
Correct Answer:
Verified
Q2: If the CPI was 95 in 1955
Q6: Babe Ruth's 1931 salary was $80,000.Government statistics
Q10: If the CPI was 127 in 1972
Q12: The CPI was 172 in 2007,and the
Q16: If the CPI was 68 in 1965
Q17: In 1931 the price of a movie
Q18: David earned a salary of $43,500 in
Q19: In 1986,Ken bought a Ford Mustang for
Q20: In 1949,Sycamore,Illinois built a hospital for about
Q194: In 1931, President Herbert Hoover was paid
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents