Multiple Choice
Wayne takes a job in 1985 at a salary of $10,000. By 2019, he has been promoted, with a salary of $70,000. If the price index in 1985 is 50, and the price index in 2019 is 200, what is Wayne's 2019 salary in 1985 dollars?
A) $2,500
B) $17,500
C) $35,000
D) $40,000
Correct Answer:
Verified
Correct Answer:
Verified
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