Answer:
b. five cents (today's CPI / 1962 CPI)
Explanation:
CPI stands for Consumer Price Index
The normal formula to compute the CPI is shown below:
Consumer price index = (Product price in current year) ÷ (Product price in base year) × 100
In the given situation, the formula would be
= five cents × (today's CPI ÷ 1962 CPI)
Since we have to compute the today CPI so we multiplied the five cents
When a firm invests directly in a business or venture in another country, it is called FDI.
A form of private equity financing known as venture capital (VC) is given by venture capital funds or organizations to startups, early-stage, and developing businesses that have been identified as having a high growth potential or that have already shown a high growth rate (in terms of number of employees, annual revenue, scale of operations, etc). These early-stage businesses are funded by venture capital firms or funds in exchange for equity, or ownership stakes.
In the hopes that some of the businesses they support will succeed, venture capitalists take on the risk of financing hazardous start-ups. Startups face a lot of uncertainty, and VC investments frequently fail.
Learn more about venture here:
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