5. If the consumer price index was 90 in 2011 and five years later in 2016 it was 120, the purchasing power of the U.S. dollar fell by (A) 25% (B) 75% (С) 100% (D) 50% (E) 125%
5. If the consumer price index was 90 in 2011 and five years later in 2016 it was 120, the purchasing power of the U.S. dollar fell by (A) 25% (B) 75% (С) 100% (D) 50% (E) 125%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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why choose A?
![5. If the consumer price index was 90 in 2011 and five years later in 2016 it was 120, the
purchasing power of the U.S. dollar fell by
(A) 25%
(B) 75%
(C) 100%
(D) 50%
(E) 125%
A](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F90b2ad7e-71be-4993-92e0-fe2030354ee3%2Fb2de1bea-cc6a-4e73-b6e5-6d1d62f25311%2Fsmk88de_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5. If the consumer price index was 90 in 2011 and five years later in 2016 it was 120, the
purchasing power of the U.S. dollar fell by
(A) 25%
(B) 75%
(C) 100%
(D) 50%
(E) 125%
A
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