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1969 $20,520- 1979 $43,265- 1999 $135,250 166.6 2009 $170,844 214.5 If the 1989 salary in 2009 dollars is $147,951, how do we interpret this? 1989

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1969 $20,520- 1979 $43,265- 1999 $135,250 166.6 2009 $170,844 214.5 If the 1989 salary in 2009 dollars is $147,951, how do we interpret this? 1989 $85,529 124.0 0 The salary earned in 1989 could have purchased the same amount of goods as $147,951 could buy in 2009. 0 Someone earning $85,529 in 1989 would be as well off if he were earning $147,951 in 2009. Q It would take $147,951 in 2009 to buy the same amount of goods that was purchased in 1989 with $85,529. 0 All of these interpretations are correct

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