A Worker Received $5 for a Daily Wage in 1930

question 70

Multiple Choice

A worker received $5 for a daily wage in 1930.What is the value of that wage today if the CPI was 17 in 1930 and is 230 today?

• A)37 cents
• B)$4.63
• C)$67.65
• D)$37.86

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Definitions:

Emotionally Hot

Describes situations or topics that evoke strong emotional responses, often affecting an individual's ability to think clearly or behave rationally.

Distributive Justice

The ethical principle concerned with the fair allocation of resources among diverse members of a community.

Resources

Assets or materials available to individuals, organizations, or societies that can be utilized to achieve specific goals or needs.

Willingness

The state of being prepared to engage in a particular action or process.