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13) In 1946, the U.S. President's salary was $75,000, and the CPI was 19.5. In 2012, the U.S. President's salary was $400,000, and the CPI

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13) In 1946, the U.S. President's salary was $75,000, and the CPI was 19.5. In 2012, the U.S. President's salary was $400,000, and the CPI was 229.594. a) Convert the 1946 salary to 2012 dollars and compare it to the President's actual salary in 2012. Has the President's salary kept pace with inflation? b) Convert the 2012 salary to 1946 dollars. c) Convert both the 1946 salary and the 2012 salary to a real salary using the base year 1982- 1984

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