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ozzi
3 years ago
9

Suppose that you were born in 2001. Also, suppose that your mother received a $100 baby shower gift at your birth. How much woul

d it cost to buy a similar amount of goods and services in 2016, given that the CPI was 177.1 in 2001 and 240.0 in 2016?
a. $70.53
b. $100.00
c. $141.78
d. $241.11
Business
1 answer:
SpyIntel [72]3 years ago
4 0

Answer:

$135.52

Explanation:

Calculation for How much would it cost to buy a similar amount of goods and services in 2016

Using this formula

Cost to buy similar amount of goods and services in 2016=Amount in 2001x (Price level 2016/Price level 2001)

Let plug in the formula

Cost to buy similar amount of goods and services in 2016=$100*(240.0/177.1)

Cost to buy similar amount of goods and services in 2016=$100*1.3552

Cost to buy similar amount of goods and services in 2016=$135.52

Therefore How much would it cost to buy a similar amount of goods and services in 2016 is $135.52

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Answer:

The answer is B

Explanation:

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3 years ago
Lower-level managers are empowered to make decisions in a ______ organization, which can ________ motivation and job satisfactio
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6 0
1 year ago
Which of the following statements is false? A) Battery acid cannot be neutralized B) Batteries should never be stored on metal t
zysi [14]

Answer:

The answer is (A) battery acid cannot be neutralized.

Explanation:

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8 0
4 years ago
Two acquaintances have approached you about investing in business activities in which each is involved. Simone is seeking $605,
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Answer and Explanation:

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3 years ago
Jamal and Keisha each earn money by washing cars and mowing lawns.
mrs_skeptik [129]

Answer:

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Explanation:

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7 0
3 years ago
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