Your Father Tells You He Earned $1

question 50

Multiple Choice

Your father tells you he earned $1.50 per hour when he was 16 in 1969. Given that the CPI was 36.0 in 1969 and 215 in 2008, how much would you have to earn in 2008 in order to have the same real wage as your father in 1969?

• A) $1.50
• B) $5.00
• C) $8.95
• D) $15.00

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Definitions:

Semicolon

In many programming languages, a punctuation character used to terminate statements or separate elements in a list.

Selection

In programming, selection refers to choosing between different paths of execution based on certain conditions, often implemented through if-else or switch-case statements.

Logical Operator

An operator used in programming that returns a boolean value based on the combination of two or more conditions or expressions.

Reserved Words

Keywords in a programming language that are used for their predefined syntax and meaning, and thus cannot be used as identifiers for variables, classes, or functions.