Suppose That the Price Index in 1999 Was 170 and Your

question 146

Multiple Choice

Suppose that the price index in 1999 was 170 and your salary was $44,000.Suppose in 2016 the consumer price index will be 290.What salary will you have to earn in 2016 in order to equal your 1999 real income?

• A) $66,000
• B) $77,647
• C) $75,059
• D) $83,209

---

Definitions:

SCM

Supply Chain Management involves the management and control of materials, information, and financial flows from the supplier through to the manufacturer, then on to the wholesaler and retailer, and ultimately to the consumer.

Source Component

In software, a fundamental piece of code or module that contributes to the functionality of a larger application or system.

Product Or Service

Any offering that can be sold to a customer to fulfill their needs or desires, including tangible goods and intangible services.

SCM

The process of overseeing the movement of goods, information, and money from the beginning of the supply chain with suppliers, through manufacturers and wholesalers, down to retailers and finally consumers, is known as Supply Chain Management.