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Year CPI-Consumer Price Index 1975 50 1983 100 2006 200 If your salary is $100,000 per year in 1983, which of the following is true based on the CPI in 2006? O Your salary has increases O Your wages have not changed but the purchasing has increased to $200,000. O Your wages have not changed but the purchasing power has decreased to $$50,000 O Your salary has been cut

Year CPI-Consumer Price Index 1975 50 1983 100 2006 200 If your salary is $100,000 per year in 1983, which of the following is true based on the CPI in 2006? O Your salary has increases O Your wages have not changed but the purchasing has increased to $200,000. O Your wages have not changed but the purchasing power has decreased to $$50,000 O Your salary has been cut

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.3: Arithmetic Sequences And Series
Problem 39E
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Year CPI-Consumer Price Index 1975 50 1983 100 2006 200 If your salary is $100,000 per year in 1983, which of the following is true based on the CPI in 2006? O Your salary has increases O Your wages have not changed but the purchasing has increased to $200,000. O Your wages have not changed but the purchasing power has decreased to $$50,000 O Your salary has been cut
Transcribed Image Text:Year CPI-Consumer Price Index 1975 50 1983 100 2006 200 If your salary is $100,000 per year in 1983, which of the following is true based on the CPI in 2006? O Your salary has increases O Your wages have not changed but the purchasing has increased to $200,000. O Your wages have not changed but the purchasing power has decreased to $$50,000 O Your salary has been cut
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