The Table Shown Displays Yearly Salaries and the CPI Across

question 52

Multiple Choice

The table shown displays yearly salaries and the CPI across five decades. Calculate the value of the 1999 salary in 2009 dollars. How does that salary compare to the 2009 salary shown in the table?

• A) Although the nominal salary has increased, the amount of purchasing power has remained the same from 1999 to 2009.
• B) The increase in salary from 1999 to 2009 was larger than inflation during that period.
• C) The 1999 salary had a higher real value in 2009.
• D) All of these are true.

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