Multiple Choice
Ingrid takes a job in 1981 at a salary of $10 000. By 2010, she has been promoted, with a salary of $50 000. If the price index in 1981 is 50, and the price index in 2010 is 180, what is Ingrid's 2010 salary in 1981 dollars?
A) $13 889
B) $18 000
C) $26 000
D) $36 000
Correct Answer:
Verified
Correct Answer:
Verified
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