Scenario 24-3 Sue Holloway Was an Accountant in 1944 and Earned $12,000

question 65

Multiple Choice

Scenario 24-3
Sue Holloway was an accountant in 1944 and earned $12,000 that year.Her son,Josh Holloway,is an accountant today and he earned $210,000 in 2013.The price index was 17.6 in 1944 and 218.4 in 2013.
-Refer to Scenario 24-3.In real terms,Josh Holloway's income amounts to about what percentage of Sue Holloway's income?

• A)71 percent
• B)141 percent
• C)165 percent
• D)198 percent

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Definitions:

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An investigative approach where individuals are studied in their natural settings without interference from the investigator.

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Naturalistic Observation

A research technique involving observing subjects in their natural environment without intervention.