A Part of the CPI Table Is Given Below Suppose an Actuary's Salary Was $86,000 in 1995

question 44

Multiple Choice

A part of the CPI table is given below: $$\begin{array} { l | l | l | l | l | l } \text { Year } & 1975 & 1980 & 1985 & 1990 & 1995 \\\hline \text { CPI } & 53.8 & 82.4 & 107.6 & 130.7 & 152.4\end{array}$$ Suppose an actuary's salary was $86,000 in 1995. What would the salary have to have been in 1975 if it had just kept up with inflation (round to the nearest $1000) ?

• A) $244,000
• B) $30,000
• C) $58,000
• D) $128,000

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Definitions:

Terminal Distance

The total distance from the beginning to the end of a process, pathway, or transportation route.

Trips

The act of going from one place to another, often implying a short journey for a specific purpose or task.

Terminals

End points for data transmission, or facilities where cargo containers and goods are transferred between different modes of transportation.