Multiple Choice
In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 1931 and 237 for 2015. President Hoover's 1931 salary was equivalent to a 2015 salary of about
A) $4,965.
B) $1,169,408.
C) $1,057,894.
D) $16,080,001.
Correct Answer:
Verified
Correct Answer:
Verified
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