Multiple Choice
The take home pay of an employee working in an urban area for 1995 and 2014 are: If the CPI rose from 70 in 1995 to 172.2 in 2014 (2002 = 100) , what was the "real" take home pay of the employee in 2014?
A) $5,000
B) $7,143
C) $11,200
D) $7,666
E) $13,200
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q70: In 2000, an executive earned $100,000. In
Q71: i. Millions of employees in automobile, steel
Q72: The Consumer Price Index (1982-84 = 100)
Q73: i. When two or more series of
Q74: In 2000, an executive earned $100,000. In
Q76: Listed below are the top-steel producing nations,
Q77: As chief statistician for the municipality, you
Q78: i. The base number for most indexes
Q79: i. The base period for one index
Q80: The average weekly earnings (including overtime) in