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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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    A Worker Received $5 for a Daily Wage in 1930,which
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A Worker Received $5 for a Daily Wage in 1930,which

Question 86

Question 86

Multiple Choice

A worker received $5 for a daily wage in 1930,which has the equivalent value of $63.24 today.If the CPI was 17 in 1930 what is the value of the CPI today,rounded to the nearest whole number?


A) 215
B) 134
C) 17
D) 1.3

Correct Answer:

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