Multiple Choice
Andrew is offered a job in Calgary where the CPI is 130 and a job in Toronto where the CPI is 180. Andrew's job offer in Calgary is for $65,000. Which salary would the Toronto job have to pay so that both jobs have the same purchasing power?
A) $52,000
B) $60,266
C) $65,625
D) $90,000
Correct Answer:

Verified
Correct Answer:
Verified
Q170: If the nominal interest rate is 8
Q171: Canadians spend about 27 percent of their
Q172: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q173: Babe Ruth's 1931 salary was $80,000. The
Q174: When the quality of a good improves,
Q176: If the nominal interest rate is 2
Q177: If the nominal interest rate is 5
Q178: Diane is offered a job in Charlottetown
Q179: If the consumer price index was 100
Q180: Scenario 6-1<br>Grant Smith was a doctor. In