Suppose Your Grandfather Earned a Salary of $12,000 in 1964

question 5

Multiple Choice

Suppose your grandfather earned a salary of $12,000 in 1964.If the CPI is 31 in 1964 and 219 in 2010,then the value of your grandfather's salary in 2010 dollars is approximately

• A) $84,775.
• B) $63,830.
• C) $37,200.
• D) $26,280.

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