2000 2005 2010 2015 2020 95.4 107 116.5 126.6 137 The above table shows a history of the Consumer Price Index (CPI) in Canada (2002 100). The price of a pair of shoes in 2020 was $69. What was the real price of the pair of shoes in 2020, expressed in 2005 dollars? O A. $53.89 O B. $49.73 O C. $61.43 O D. $58.58 page

Principles of Macroeconomics (MindTap Course List)
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Chapter11: Measuring The Cost Of Living
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2000
2005
2010
2015
2020
95.4
107
116.5
126.6
137
The above table shows a history of the Consumer Price Index (CPI) in Canada (2002
100). The price of a pair of shoes in 2020 was $69. What was the real price of the pair
of shoes in 2020, expressed in 2005 dollars?
O A. $53.89
O B. $49.73
O C. $61.43
O D. $58.58
Next page
Transcribed Image Text:2000 2005 2010 2015 2020 95.4 107 116.5 126.6 137 The above table shows a history of the Consumer Price Index (CPI) in Canada (2002 100). The price of a pair of shoes in 2020 was $69. What was the real price of the pair of shoes in 2020, expressed in 2005 dollars? O A. $53.89 O B. $49.73 O C. $61.43 O D. $58.58 Next page
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