Solve the Problem Suppose an Actuary's Salary Was $46,000 in 1980

question 27

Multiple Choice

Solve the problem.
-A part of the Consumer Price Index (CPI) is given below: $$\begin{array} { c | c | c | c | c | c } \text { Year } & 1975 & 1980 & 1985 & 1990 & 1995 \\\hline \text { CPI } & 53.8 & 82.4 & 107.6 & 130.7 & 152.4\end{array}$$ Suppose an actuary's salary was $46,000 in 1980. What would the salary have to be in 1990 to keep up with
Inflation (round to the nearest $1000) ?

• A)$78,000
• B)$124,000
• C)$29,000
• D)$73,000

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Definitions:

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

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A pattern observed in mate selection, where typically men marry women who are slightly younger, shorter, and lower in status, while women marry men who are older, taller, and higher in status.

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