Multiple Choice
Jill has an escalator clause in her labor contract that gives her a raise equal to the change in the consumer price index (CPI) . Last year she earned $40,000 and the CPI was 100. If the CPI this year is 110, her new salary is:
A) $40,110.
B) $50,000.
C) $40,100.
D) $44,000.
Correct Answer:
Verified
Correct Answer:
Verified
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