June 1960, the price of gasoline in the Midwest was $0.169 per gallon and the CPI was 29 6 with a base period of 1982 to 1984 What was the real price of gasoline per gallon in base period dollars? OA. $0 169 per gallon OB. $0.05 per gallon OC. $0 571 per gallon OD. $0 296 per gallon OE. $0 057 per gallon CITE

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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In June 1960, the price of gasoline in the Midwest was $0.169 per gallon and the CPI was 29 6 with a base period of 1982 to 1984. What was the real price of gasoline per gallon in base period dollars?
OA. $0 169 per gallon
OB. $0.05 per gallon
OC. $0.571 per gallon
OD. $0.296 per gallon
OE. $0 057 per gallon
Transcribed Image Text:In June 1960, the price of gasoline in the Midwest was $0.169 per gallon and the CPI was 29 6 with a base period of 1982 to 1984. What was the real price of gasoline per gallon in base period dollars? OA. $0 169 per gallon OB. $0.05 per gallon OC. $0.571 per gallon OD. $0.296 per gallon OE. $0 057 per gallon
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