In 2005, the minimum wage was $5.15 and the CPI in 2005 was 195.3.The CPI in 2018 was 250.5.Thus, the real minimum wage in 2018 dollars was _____.

Question 27 options:

A)

$4.02

B)

$6.61

C)

$12.90

D)

None of the above/not enough information