For a 100-dollar bill, if you know that the CPI value of Houston, TX is 229,...

Question

Question

For a 100-dollar bill, if you know that the CPI value of Houston, TX is 229, then what is the purchasing power of 100-dollor bill in Houston, TX?

A) 100

B) 229

C) 0.44

D) 2.29

Answer 1

Answer #1

Purchasing power is represented by the CPI. The purchasing power of 100-dollar bill in Houston, Tx is 229. Hence,option(B) is correct.

Answer 2

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