Multiple Choice
In 1999 a compact car can cost approximately $14,000. What is this cost in 1990 dollars, the year that you bought your last car? (Assume the 1999 CPI is 166.2 and the 1990 CPI is 130.7.)
A) approximately $9300
B) approximately $13,940
C) approximately $11,010
D) approximately $17,803
Correct Answer:
Verified
Correct Answer:
Verified
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