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The price of a gallon of gasoline was $0.35 in 1972 when the CPI equaled 41.8. The cost of a gallon of gasoline is $2.15 in 2020 when the CPI equaled 257. The real cost of a gallon of gasoline between 1972 Multiple Choice increased. decreased. remained constant. may have either increased or decreased.

by Essaynice Tutors | Sep 8, 2023 | economics

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The price of a gallon of gasoline was $0.35 in 1972 when the CPI equaled 41.8. The cost of a gallon of gasoline is $2.15 in 2020 when the CPI equaled 257. The real cost of a gallon of gasoline between 1972 and 2020:
Multiple Choice
increased.
decreased.
remained constant.
may have either increased or decreased.

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