Multiple Choice
In 2000, an executive earned $100,000. In 2009, the executive earned $125,000. The CPI in 2000 was 172.2, and the CPI in 2009 was 214.537. Using the CPI base, 1982-1984 = 100, what was the real income in 2009?
A) $58,265
B) $58,072
C) $58,000
D) $58,999
Correct Answer:
Verified
Correct Answer:
Verified
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