Multiple Choice
The CPI increased from 125.0 to 132.0 over a three-year period. If a person earned $40,000 at the beginning of the three-year period, how much would they have to earn at the end of the three-year period to maintain the same purchasing power?
A) $42,800
B) $42,240
C) $40,933
D) $42,121
E) $40,250
Correct Answer:
Verified
Correct Answer:
Verified
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