If You Currently Make $25,000 a Year and the CPI

question 173

True/False

If you currently make $25,000 a year and the CPI rises from 110 today to 150 in five years, then you need to be making $43,333.33 in five years to have kept pace with consumer price inflation.

---

Definitions:

Kohlberg

Lawrence Kohlberg was a renowned psychologist famous for developing the stages of moral development theory.

Teachers

Educators responsible for imparting knowledge, fostering understanding, and promoting intellectual growth among students.

Obey

To follow the commands, rules, or instructions given by someone in authority.

Preconventional Morality

The first level of Kohlberg's stages of moral development, where moral reasoning is based primarily on consequences and individual interests.