The Take Home Pay of an Employee Working in an Urban

question 120

Multiple Choice

The take home pay of an employee working in an urban area for 1993 and 2007 are: If the CPI rose from 159 in 1993 to 210 in 2007 (1982-84 = 100) , what was the "real" take home pay of the employee in 2007?

• A) $5,000
• B) $15,000
• C) $113,200
• D) $53,904

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