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From 1970 to 1980, the consumer price index (CPI) increased from 38.8 to 82.4. If a dozen eggs cost $0.25 in 1970 and the price of eggs increased at the same rate as the CPI from 1970 to 1980, approximately how much did a dozen eggs cost in 1980?

Respuesta :

The answer will be D. $0.53
Tundexi

Because the price of eggs increased at the same rate as the CPI from 1970 to 1980, then, the amount that a dozen eggs cost in 1980 will be $0.53.

What is a CPI?

The CPI refers to Consumer Price Index.

We calculate the Consumer Price Index by add together a sampling of product prices from a previous year and add together the current prices of the same products.

Hence, the amount that a dozen eggs cost in 1980 will be $0.53.

Therefore, the Option D is correct.

Read more about CPI

brainly.com/question/15037794

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