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Q. If price index in 1974 was 50 and price index in 2003 was 180, what is Ingrid's 2003 salary in 1974 dollars? A. $13,889 b. $18,000 c. $26,000 d. $36,000 29. Andrew is offered a job in Little Rock, where CPI is 80 and a job in New York, where CPI is 125. Andrews job offer in Little Rock is for $42,000. How much does New York job have to pay in order for two salaries to represent about same purchasing power? A. $74,667 b. $65,625 c. $60,900 d. $52,500 30. When box office receipts are corrected for inflation, No.

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Business Economics, Economics

Category:- Business Economics
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