Multiple Choice
A college graduate in 1972 found a job paying $7,200. The CPI was 0.418 in 1972. A college graduate in 2016 found a job paying $35,000. The CPI was 2.40 in 2016. The 1972 graduate's job paid ________ in nominal terms and ________ in real terms than the 2016 graduate's job.
A) more; less
B) more; more
C) less; more
D) less; less
Correct Answer:
Verified
Correct Answer:
Verified
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