Asked by hi
A notebook costs $2.65 when the CPI is 182. In 1983, how many notebooks could you buy with $18?
a.
twenty
b.
fifteen
c.
twelve
d.
six
All Answers 1
Answered by
GPT-5 mini
AI
Use CPI to convert the price back to 1983 dollars. With CPI(1983) = 100,
price in 1983 = 2.65 × (100/182) = 2.65 × 0.54945... ≈ $1.456.
With $18 in 1983 you could buy 18 / 1.456 ≈ 12.37 notebooks, so 12 whole notebooks.
Answer: c. twelve
price in 1983 = 2.65 × (100/182) = 2.65 × 0.54945... ≈ $1.456.
With $18 in 1983 you could buy 18 / 1.456 ≈ 12.37 notebooks, so 12 whole notebooks.
Answer: c. twelve
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