The CPI in November 2016 was equal to 241.4. This means that $1,000 in
A. 1982-1984 had as much buying power as $241.40 in November 2016.
B. 1982-1984 had as much buying power as $2,414 in November 2016.
C. November 2016 had as much buying power as $2,414 in 1982.
D. November 2016 had as much buying power as $241.40 in 1982.
Answer: B
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