Problem 1. Consider the CPI table below. Year CPI 1984 103.9 2000 172.2 2001 177.1 2002 179.9 2003 184.0 If a particular car cost $15000 in 1984, Using the CPI, which is the best estimate for the cost of a similar model in 2002? O 24860 O 25582 O 25972 O 26564

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Problem 1.
Consider the CPI table below.
Year CPI
1984 103.9
2000 172.2
2001 177.1
2002 179.9
2003 184.0
If a particular car cost $15000 in 1984, Using the CPI, which is the best estimate for the cost of a similar model in 2002?
O 24860
O 25582
O 25972
O 26564
Transcribed Image Text:Problem 1. Consider the CPI table below. Year CPI 1984 103.9 2000 172.2 2001 177.1 2002 179.9 2003 184.0 If a particular car cost $15000 in 1984, Using the CPI, which is the best estimate for the cost of a similar model in 2002? O 24860 O 25582 O 25972 O 26564
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