Scenario 24-1 ​

Multiple Choice

Scenario 24-1
​
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. In real terms, the income of Sue's son amounts to about what percentage of Sue's income?

A) 18.3 percent
B) 1690.2 percent
C) 5.9 percent
D) 1.1 percent