Solved

In 2000, an Executive Earned $100,000

Question 102

Short Answer

In 2000, an executive earned $100,000. In 2010, the executive earned $125,000. The CPI in 2000 was 172.2; the CPI in 2009 was 214.537. Using the CPI base, 1982-1984 = 100, what was the increase in real income from 2000 to 2009?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: Etienne Laspeyres developed a method in the

Q20: An example of a weight used in

Q58: An index of 239.2 represents a 239.2%

Q92: If the base value is 100 and

Q100: Which method for computing a weighted price

Q102: Suppose your annual 2005 salary was $95,000

Q104: Data for selected vegetables purchased at wholesale

Q105: If the Laspeyres' index is 140.78 and

Q106: Data for fuel oil and gasoline purchased

Q107: What is the CPI called when it