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6. Critical analysis Q12 The following table shows the nominal salary paid to the president of the United States and data for the consumer price
6. Critical analysis Q12
The following table shows the nominal salary paid to the president of the United States and data for the consumer price index (CPI) for various years.
Year | Presidential Salary | CPI |
---|---|---|
(Dollars) | (2000 = 100) | |
1920 | 75,000 | 11.6 |
1940 | 75,000 | 8.1 |
1960 | 100,000 | 17.2 |
1980 | 200,000 | 47.9 |
2000 | 400,000 | 100.0 |
2019 | 400,000 | 153.5 |
The president's real salary in the year 2000, measured in the purchasing power of the dollar in 2000 is
.
The real presidential salary was the lowestin .
The president's nominal salary was constant between 1920 and 1940. This means that the real salary .
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