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    Principles of Macroeconomics Study Set 8
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    Exam 11: Measuring the Cost of Living: Correcting Economic Variables for the Effects of Inflation
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    Babe Ruth's 1931 Salary Was $80,000
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Babe Ruth's 1931 Salary Was $80,000

Question 16

Question 16

Multiple Choice

Babe Ruth's 1931 salary was $80,000.Government statistics show a consumer price index of 15.2 for 1931 and 237 for 2015.Ruth's 1931 salary was equivalent to a 2015 salary of about


A) $5,296.
B) $1,128,421
C) $1,247,368
D) $17,152,000

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