The CPI Rose from 95

question 166

Short Answer

The CPI rose from 95.3 to 115.1 from 2000 to 2016. If you earned $7 per hour in 2000, how much would you have to earn in 2016 to maintain the same purchasing power?

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Definitions:

Contraries

In the traditional square of opposition, a pair of categorical propositions that, in virtue of their logical form, could not both be true but could both be false (A and E).

Universal

Pertaining to or affecting the whole or applicable in all cases; general.

Existential Import

A property of categorical propositions; a proposition has existential import if its truth depends on the existence of things of the kinds specified by terms in the proposition.

Contrary

Opposing or differing in nature, direction, or meaning; in logic, it refers to propositions that cannot both be true but can both be false.