If the CPI 50 in 1974 and is 250 now, then a fast-food lunch that cost $1.00 in 1974 would cost the equivalent of ______ in today's prices.

If the CPI 50 in 1974 and is 250 now, then a fast-food lunch that cost $1.00 in 1974 would cost the equivalent of ______ in today's prices.

If the CPI 50 in 1974 and is 250 now, then a fast-food lunch that cost $1.00 in 1974 would cost the equivalent of ______ in today's prices.



A) $0.20
B) $1.00
C) $4.00
D) $5.00










Answer: D