If You Currently Make $25,000 a Year and the CPI

question 173

True/False

If you currently make $25,000 a year and the CPI rises from 110 today to 150 in five years, then you need to be making $43,333.33 in five years to have kept pace with consumer price inflation.

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Definitions:

Voltage

An electrical measurement expressing the potential difference between two points, the driving force of electric current.

Electron

A subatomic particle with a negative electric charge, fundamental to electrical phenomena and components of atoms.

Electroplating

A process that uses electric current to deposit a thin layer of metal onto a conductive surface, typically for protective, decorative, or functional purposes.

Pure

Refers to a substance that is not mixed with any other substance, having a homogenous chemical composition.