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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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    David Earned a Salary of $43,500 in 1994 and $89,000
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David Earned a Salary of $43,500 in 1994 and $89,000

Question 104

Question 104

Multiple Choice

David earned a salary of $43,500 in 1994 and $89,000 in 2010.The consumer price index was 148.2 in 1994 and 215.3 in 2010.David's 1994 salary in 2010 dollars is


A) $43,849.05
B) $61,263.43
C) $63,195.34
D) $93,655.50

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