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Scenario 24-1 Grant Smith Was a Doctor in 1944 and Earned $12,000

Question 44

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Scenario 24-1
Grant Smith was a doctor in 1944 and earned $12,000 that year. His daughter, Lisa Smith, is a doctor today and she earned $210,000 in 2005. The price index in 1944 was 17.6 and the price index in 2005 was 184.
-Refer to Scenario 24-1.In real terms,Lisa Smith's income amounts to about what percentage of Grant Smith's income?


A) 96 percent
B) 133 percent
C) 167 percent
D) 206 percent

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