Multiple Choice
In 2000, Professor Knowitall made $40,000, in 2010 he earned $90,000, and in 2020 he earned $140,000. If the CPI was 40 in 2000, 60 in 2010, and 100 in 2020, then in real terms, when was Professor Knowitall's salary highest and lowest?
A) highest in 2000; lowest in 2010
B) highest in 2020; lowest in 2010
C) highest in 2010; lowest in 2000
D) highest in 2020; lowest in 2000
Correct Answer:
Verified
Correct Answer:
Verified
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