Multiple Choice
Your father tells you he earned $1.50 per hour when he was 16 in 1969. Given that the CPI was 36.0 in 1969 and 215 in 2008, how much would you have to earn in 2008 in order to have the same real wage as your father in 1969?
A) $1.50
B) $5.00
C) $8.95
D) $15.00
Correct Answer:
Verified
Correct Answer:
Verified
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