When Julie Entered College in 2011, She Dreamed of Making

question 12

Multiple Choice

When Julie entered college in 2011, she dreamed of making $50,000 when she graduated. The CPI in 2011 was 226.4. Julie graduated in 2016. (Thinking about money rather than studies slowed her progress a bit.) The 2016 CPI was 237.1. What must Julie earn in order to have the same buying power that $50,000 had in 2011?

• A) About $105,800
• B) About $94,800
• C) About $52,400
• D) About $44,800
• E) It can't be calculated from the information given.

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Definitions:

Discovery Process

In legal proceedings, a pre-trial procedure where parties to the lawsuit request, gather, and exchange information relevant to the case to prepare for trial.

Not Privileged

Information or documents that are not protected by a legal right or exemption from disclosure in a legal proceeding.

Relevant Information

Data or facts that are directly connected to and have a significant impact on a particular issue, topic, or decision-making process.

Court Rule

This refers to the standardized procedures and guidelines that govern the operational and procedural conduct within a court of law.