Question

In 1949, the city of Sherbrooke, Quebec, built a hospital for about $500,000. In 1987, the city restored its courthouse for about $2.4 million. A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2019. According to these numbers, what approximately did the hospital cost? Question 25 options: $3.6 million in 2019 dollars, which is less than the cost of the courthouse restoration in 2019 dollars $3.6 million in 2019 dollars, which is more than the cost of the courthouse restoration in 2019 dollars $4.1 million in 2019 dollars, which is less than the cost of the courthouse restoration in 2019 dollars $4.1 million in 2019 dollars, which is more than the cost of the courthouse restoration in 2019 dollars

          In 1949, the city of Sherbrooke, Quebec, built a hospital for about $500,000. In 1987, the city restored its courthouse for about $2.4 million. A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2019. According to these numbers, what approximately did the hospital cost?
Question 25 options:
$3.6 million in 2019 dollars, which is less than the cost of the courthouse restoration in 2019 dollars
$3.6 million in 2019 dollars, which is more than the cost of the courthouse restoration in 2019 dollars
$4.1 million in 2019 dollars, which is less than the cost of the courthouse restoration in 2019 dollars
$4.1 million in 2019 dollars, which is more than the cost of the courthouse restoration in 2019 dollars

Added by Willie A.

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