In 2000, the CPI was 152.5% and the price of an economics textbook was $70.00 and...
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In 2000, the CPI was 152.5% and the price of an economics textbook was $70.00 and a music CD was $16.00. If the CPI was 172.3% in 2009, 1) what was the price of the economics textbook in 2009? 2) What was the price of the music CD in 2009 dollars? 3) What is the inflation rate between 2000 and 2009? In 2000, the CPI was 152.5% and the price of an economics textbook was $70.00 and a music CD was $16.00. If the CPI was 172.3% in 2009, 1) what was the price of the economics textbook in 2009? 2) What was the price of the music CD in 2009 dollars? 3) What is the inflation rate between 2000 and 2009?
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