Your Father Tells You He Earned $1

question 50

Multiple Choice

Your father tells you he earned $1.50 per hour when he was 16 in 1969. Given that the CPI was 36.0 in 1969 and 215 in 2008, how much would you have to earn in 2008 in order to have the same real wage as your father in 1969?

• A) $1.50
• B) $5.00
• C) $8.95
• D) $15.00

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Definitions:

Shift Data

The process of moving data bits to the left or right within a register, often used in digital computing and signal processing to adjust value or format.

PLC Sequencer

A PLC (Programmable Logic Controller) function that executes operations or tasks in a predefined, sequential order for process control.

Transferred Information

Data or signals that have been moved or conveyed from one system, component, or device to another.

Sequencer Instruction

A programmable logic controller instruction used to execute a sequence of events or operations in a specific order.