Athletes Make More Now, but Prices Are Also Higher Than

question 23

Multiple Choice

Athletes make more now, but prices are also higher than in the past. In 2013 the basketball player Stephen Curry signed a contract for $44 million with the Golden State Warriors. How much is this in 1975 dollars? (The CPI was 53.8 in 1975 and was 233.9 in 2013.)

• A) About $308 million
• B) About $37 million
• C) About $90 million
• D) About $26 million
• E) About $16 million