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Use the Consumer Price Index Below to Answer the Question

Question 123

Multiple Choice

Use the Consumer Price Index below to answer the question.  Average Annual Consumer Price Index (1982-1984 = 100)   Year  CPI  Year  CPI  Year  CPI 1986109.61995152.42004188.91987113.61996156.92005195.31988118.31997160.52006201.61989124.01998163.02007207.31990130.71999166.62008215.31991136.22000172.22009214.51992140.32001177.12010218.11993144.52002179.92011224.91994148.22003184.02012229.6\begin{array}{l}\text { Average Annual Consumer Price Index (1982-1984 = 100) }\\\begin{array} { c | c | c | c | c | c } \text { Year } & \text { CPI } & \text { Year } & \text { CPI } & \text { Year } & \text { CPI } \\\hline 1986 & 109.6 & 1995 & 152.4 & 2004 & 188.9 \\1987 & 113.6 & 1996 & 156.9 & 2005 & 195.3 \\1988 & 118.3 & 1997 & 160.5 & 2006 & 201.6 \\1989 & 124.0 & 1998 & 163.0 & 2007 & 207.3 \\1990 & 130.7 & 1999 & 166.6 & 2008 & 215.3 \\1991 & 136.2 & 2000 & 172.2 & 2009 & 214.5 \\1992 & 140.3 & 2001 & 177.1 & 2010 & 218.1 \\1993 & 144.5 & 2002 & 179.9 & 2011 & 224.9 \\1994 & 148.2 & 2003 & 184.0 & 2012 & 229.6\end{array}\end{array}
-A meal in a restaurant cost $45 in 2000. What was its price in 1992 dollars?


A) $35
B) $36
C) $55
D) $37

Correct Answer:

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