In 2000, an Executive Earned $100,000

question 7

Multiple Choice

In 2000, an executive earned $100,000. In 2009, the executive earned $125,000. The CPI in 2000
Was 172.2, and the CPI in 2009 was 214.537. Using the CPI base, 1982-1984 = 100, what was the real
Income in 2000?

• A) $58,265
• B) $58,072
• C) $58,000
• D) $58,999

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Definitions:

0 And 10

In the context of scales, '0 and 10' often refer to the endpoints of a Likert scale used in questionnaires, where '0' might represent 'strongly disagree' and '10' 'strongly agree.'

Established Measures

Validated and widely accepted tools or instruments used to assess or measure specific variables in research.

Validity

The degree to which a research study or testing instrument accurately measures what it intends to measure.

Interval Measures

A scale of measurement where the difference between any two consecutive measures is the same, but it does not have a true zero point, e.g., temperature scales.