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In 1931, Babe Ruth, a professional baseball player had an annual salary of $80,000. If 2021 is the base year and the Consumer Price Index
In 1931, Babe Ruth, a professional baseball player had an annual salary of $80,000. If 2021 is the base year and the Consumer Price Index (CPI) was 0.10 in 1931, what was Babe Ruth's salary in 2021 dollars?
Question options:
| $475,451 | |
| $425,041,809 | |
| $4,000,000 | |
| $800,000 |
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