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Babe Ruth's 1931 Salary Was $80,000

Question 173

Multiple Choice

Babe Ruth's 1931 salary was $80,000. The price index for 1931 is 16 and the price index for the current year is 210. What would Ruth's 1931 salary be equivalent to in the current year?


A) $536,000
B) $635,000
C) $828,000
D) $1,050,000

Correct Answer:

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