22. In 1955, average annual earnings in the United States was $1,900, and in 2012, it was...
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22. In 1955, average annual earnings in the United States was $1,900, and in 2012, it was $42,700.
What compound annual increase in earnings has been experienced over this period of time? If the consumer price index increased by 2.5% annually over the same period of time, would workers be in a better or worse position in 2012? (4.6)
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Related Book For 
Engineering Economy
ISBN: 9781292265001
17th Global Edition
Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling
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