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The Take-Home Pay of an Employee Working in an Urban

Question 41

Multiple Choice

The take-home pay of an employee working in an urban area for 1993 and 2007 are as follows. The take-home pay of an employee working in an urban area for 1993 and 2007 are as follows. If the CPI rose from 159 in 1993 to 210 in 2007 (1982-84 = 100) ,what was the real take-home pay of the employee in 2007? A) $5,000 B) $15,000 C) $113,200 D) $53,904 If the CPI rose from 159 in 1993 to 210 in 2007 (1982-84 = 100) ,what was the "real" take-home pay of the employee in 2007?


A) $5,000
B) $15,000
C) $113,200
D) $53,904

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