Multiple Choice
The CPI (using a 2000 base year) for 1965 is 26.0. Suppose a household's annual take-home pay in 1965 was $8,320. What would be an equivalent take-home pay in 2000?
A) $10,483.
B) $21,632.
C) $23,680.
D) $32,000.
Correct Answer:
Verified
Correct Answer:
Verified
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