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Scenario 6-1 Grant Smith Was a Doctor. in 1944, He Made $12,000

Question 180

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Scenario 6-1
Grant Smith was a doctor. In 1944, he made $12,000. His daughter, Lisa Smith, is also a doctor. Last year she made $275,000. The price index in 1944 was 17.6 and the price index last year was 200.
-Refer to Scenario 6-1. What is Lisa's income in 1944 dollars?


A) $15,667
B) $17,401
C) $19,322
D) $24,200

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