Suppose Your Grandfather Earned a Salary of $12,000 in 1964

question 124

Multiple Choice

Suppose your grandfather earned a salary of $12,000 in 1964.If the CPI is 31 in 1964 and 219 in 2013,then the value of your grandfather's salary in 2013 dollars is approximately

• A)$84,775.
• B)$63,830.
• C)$37,200.
• D)$26,280.

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