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Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 7E

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Suppose you graduated from college in 2013 and received a starting offer
of $70,000. What would your starting salary need to have been in 1976
for you to have the same purchasing power as $70,000? Assume the CPI
in 2013 was 233, and the CPI in 1976 was 80.
O $37,554
O $20,389
O Cannot be determined from information given.
O $ 133,700
O $24,034

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