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A Movie Star Was Paid $1 Million in 1960 to Do

Question 111

Multiple Choice

A movie star was paid $1 million in 1960 to do a movie.The CPI was 29.3 in 1960 and the CPI in 2014 was 240.Approximately how much did the movie star earn in 2014 dollars?


A) $0.87 million
B) $8.66 million
C) $6.44 million
D) $7.74 million
E) ​$8.19 million

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