9. The price of gold (end of year prices in Dollars per ounce) is shown in the table below. If you bought 3 ounces of gold in 2006 and sold it in 2016 would you have seem a profit (Adjusted for inflation)?. Explain. Year CPI 2006 201.6 2016 240.00 Year 1986 1996 2006 2016 Price of gold in Dollars 391.00 369.00 636.00 1152.00

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9. The price of gold (end of year prices in Dollars per ounce) is shown in the table below. If you
bought 3 ounces of gold in 2006 and sold it in 2016 would you have seen a profit (Adjusted for
inflation)?. Explain.
Year
CPI
2006
201.6
2016
240.00
Year
1986
1996
2006
2016
Price of gold in Dollars
391.00
369.00
636.00
1152.00
Transcribed Image Text:9. The price of gold (end of year prices in Dollars per ounce) is shown in the table below. If you bought 3 ounces of gold in 2006 and sold it in 2016 would you have seen a profit (Adjusted for inflation)?. Explain. Year CPI 2006 201.6 2016 240.00 Year 1986 1996 2006 2016 Price of gold in Dollars 391.00 369.00 636.00 1152.00
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