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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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    Dewey Earned a Salary of $75,000 in 2001 and $95,000
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Dewey Earned a Salary of $75,000 in 2001 and $95,000

Question 59

Question 59

Multiple Choice

Dewey earned a salary of $75,000 in 2001 and $95,000 in 2006.The consumer price index was 177 in 2001 and 266 in 2006.Dewey's 2006 salary in 2001 dollars is


A) $47,768.36.
B) $63,214.29.
C) $84,550.00.
D) $142,768.36.

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