On Goods and Services, Harry Spent $32,000 in 2004 and $39,000

question 116

Multiple Choice

On goods and services, Harry spent $32,000 in 2004 and $39,000 in 2009. The consumer price index was 192 for 2004 and 217 for 2009. Harry's 2004 spending in 2009 dollars is about

• A)$34,507.
• B)$35,667.
• C)$36,167.
• D)$37,578.

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Definitions:

Craft Union

A labor union representing workers who are skilled in a particular craft.

Landrum-Griffin Act

A 1959 US law aimed at regulating labor unions' internal affairs and their officials' relationships with employers, enhancing democracy and financial integrity in unions.

Financial Disclosure

The release of financial information by a company to ensure transparency and inform stakeholders about its financial health.

Societal Goal

Refers to the shared objectives or outcomes that a society aims to achieve, such as economic prosperity, social welfare, and environmental sustainability.