Zuniga purchased a bag of groceries in 1970 for $18. She purchased the same bag of...
Homework Answers
E) $ 80.47
Calculation of price of the 1970 bag of groceries in 2006 dollars
(Current year price index÷ base year price index)× Base year price
=( $190÷$ 42.5)×$ 18
= $ 80.47
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