In year 1 the CPI is 181, and in year 2 the CPI is 195. If Dennis's salary was $95,000$95,000 in year 1, what is the minimum salary he must earn in year 2 to "keep up with inflation"? a. $88,180$88,180. b. $105,750$105,750. c. $112,500$112,500. d. $102,348$102,348.

Essentials of Economics (MindTap Course List)
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ISBN:9781337091992
Author:N. Gregory Mankiw
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Chapter16: Measuring The Cost Of Living
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In year 1 the CPI is 181, and in year 2 the CPI is 195. If Dennis's salary was $95,000$95,000 in year 1, what is the minimum salary he must earn in year 2 to "keep up with inflation"?

a. $88,180$88,180.

b. $105,750$105,750.

c. $112,500$112,500.

d. $102,348$102,348.

 

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