The consumer price index in a particular economy increased from
100 in 1975, the base period, to 330 in 2008. In 1975 the
amount of money in circulation was $880,000 and in 2008 it
was $3,000,000. What was the real money supply in 2008 in 1975
dollars?
1. $2,904,000.
2. $909,090,90.
3. $266,666,67.
4. None of the above.
Choose the correct answer.