A Worker Received $5 for a Daily Wage in 1930

question 70

Multiple Choice

A worker received $5 for a daily wage in 1930.What is the value of that wage today if the CPI was 17 in 1930 and is 230 today?

• A)37 cents
• B)$4.63
• C)$67.65
• D)$37.86

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Definitions:

Close-Mindedness

The unwillingness to consider or accept different ideas or opinions.

Hostility to Reason

A negative attitude or opposition towards logical argumentation, critical thinking, or the rational resolution of conflicts.

Critical Thinking

A skill of objectively assessing evidence and arguments, to identify biases and assumptions, and make reasoned judgments.

Qualitative Improvements

Enhancements or upgrades in the quality or nature of something rather than in its quantity or numerical aspects.