Renee Earned a Salary of $60,000 in 2001 and $80,000

question 161

Multiple Choice

Renee earned a salary of $60,000 in 2001 and $80,000 in 2006.The consumer price index was 177 for 2001 and 221.25 for 2006.Renee's 2006 salary in 2001 dollars is

• A)$45,198; thus, Renee's purchasing power decreased between 2001 and 2006.
• B)$64,000; thus, Renee's purchasing power increased between 2001 and 2006.
• C)$64,000; thus, Renee's purchasing power decreased between 2001 and 2006.
• D)$75,000; thus, Renee's purchasing power increased between 2001 and 2006.

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Definitions:

Effective Methods

Techniques or strategies that have been proven to lead to desired outcomes or goals efficiently.

Stimulant

A type of drug that increases activity in the nervous system, leading to increased alertness, attention, and energy.

Euphoria

A state of intense happiness and self-confidence, sometimes artificially induced by the use of drugs or when experiencing certain psychological states.

Recreational Drug

Substances taken for enjoyment, rather than for medical reasons, which can alter perceptions, feelings, or consciousness.