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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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    Henri Earned a Salary of $50,000 in 2001 and $60,000
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Henri Earned a Salary of $50,000 in 2001 and $60,000

Question 61

Question 61

Multiple Choice

Henri earned a salary of $50,000 in 2001 and $60,000 in 2012.The consumer price index was 177 in 2001 and 225 in 2012.Henri's 2001 salary in 2012 dollars is


A) $39,333.33.
B) $74,000.00.
C) $89,333.33.
D) $63,559.32.

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