Multiple Choice
Elizabeth just received her Ph.D.in economics and has two competing job offers.The first is in Washington,D.C.and pays a salary of $200,000.She has a similar job offer in Austin,TX that pays $90,000.Which pair of CPIs would make the two salaries have the same purchasing power?
A) 70 in Washington,D.C.and 42 in Austin,TX
B) 140 in Washington,D.C.and 70 in Austin,TX
C) 160 in Washington,D.C.and 72 in Austin,TX
D) 210 in Washington,D.C.and 150 in Austin,TX
Correct Answer:
Verified
Correct Answer:
Verified
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