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Michael Jordan's Rookie Salary in 1984 Was $550,000

question 185

Short Answer

Michael Jordan's rookie salary in 1984 was $550,000. The CPI in 1984 was 103.9, while the CPI in 2010 was 218.1. What is Michael Jordan's rookie salary in 2010 dollars?


Definitions:

Socially Desirable

Behaving in ways that are viewed favorably by others, often to gain approval or avoid disapproval.

Positive Correlation

When one variable is high, the other variable tends to be high as well.

Socially Desirable

Behaviors or traits that are valued and approved of by a social group or society.

Self-Report Measure

A type of psychological test or questionnaire where individuals provide responses about themselves, often concerning behaviors, thoughts, or feelings.

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