The Take Home Pay of an Employee Working in an Urban

question 13

Multiple Choice

The take home pay of an employee working in an urban area for 1995 and 2014 are: If the CPI rose from 70 in 1995 to 172.2 in 2014 (2002 = 100) , what was the "real" take home pay of
The employee in 2014?

• A) $5,000
• B) $7,143
• C) $11,200
• D) $7,666
• E) $13,200

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