Scenario 24-1 ​

Multiple Choice

Scenario 24-1
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Sue Lewis was an accountant in 1943 and earned $12,000 that year. Her son is an accountant too and he earned $220,000 this year. Suppose the price index was 18.9 in 1943 and 20.5 in the current year.
-Refer to Scenario 24-1. Sue's 1943 income in current year dollars is

A) $19,200.
B) $246,000.
C) $13,016.
D) $238,624.