21. The Nintendo entertainment system (NES) was introduced to the North American market in 1985 at the price of $180 ($1985). The personal consumption expenditure price index (PCEPI) in 1985 was 53.0. In 2022, the PCEPI was 123.1. Use the PCEPI data to express the price of the NES at launch in 2022 dollars. A.$77.50 ($2022) B.$146.22 ($2022) C.$339.62 ($2022) (WRONG) D.$418.08 ($2022)
21. The Nintendo entertainment system (NES) was introduced to the North American market in 1985 at the price of $180 ($1985). The personal consumption expenditure price index (PCEPI) in 1985 was 53.0. In 2022, the PCEPI was 123.1. Use the PCEPI data to express the price of the NES at launch in 2022 dollars. A.$77.50 ($2022) B.$146.22 ($2022) C.$339.62 ($2022) (WRONG) D.$418.08 ($2022)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:21. The Nintendo entertainment system (NES) was introduced to the North American
market in 1985 at the price of $180 ($1985). The personal consumption expenditure
price index (PCEPI) in 1985 was 53.0. In 2022, the PCEPI was 123.1. Use the PCEPI
data to express the price of the NES at launch in 2022 dollars.
A.$77.50 ($2022)
B.$146.22 ($2022)
C.$339.62 ($2022) (WRONG)
D.$418.08 ($2022)
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