Question
Jessica told her cousin that her first job pays her $36,000 per year. It was a lot more than her cousin's starting salary at $27,000
Jessica told her cousin that her first job pays her $36,000 per year. It was a lot more than her cousin's starting salary at $27,000 per year at the same job. If the CPI was 180 when her cousin got the job and CPI increased to 235 when Jessica got the job, so Jessica is ____?
A. wrong. Adjusting for quantity changes, her salary is less than her cousin's salary.
B. correct. Adjusting for price changes, her salary is slightly higher than her cousin's.
C. correct. Adjusting for quantity changes, her salary is more than her cousin's salary.
D. wrong. Adjusting for price changes, her salary is slightly less than her cousin's salary.
E. maybe wrong or maybe right. We need more price information.
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