Question
The chart below provides you with information about Presidential salaries in specific years and the CPI for each of those years. Use this information to
The chart below provides you with information about Presidential salaries in specific years and the CPI for each of those years. Use this information to answer the question that follows the table.
| US Presidents and their (nominal) salaries | |||
| Year | President | Nominal Salary | CPI (2010=100) |
| 1978 | Washington | $25,000 | 7.8 |
| 1873 | Grant | $50,000 | 5.5 |
| 1909 | Taft | $75,000 | 4.1 |
| 1949 | Truman | $100,000 | 10.9 |
| 1969 | Nixon | $200,000 | 16.8 |
| 2001 | Bush | $400,000 | 81.0 |
| 2011 | Obama | $400,000 | 100.0 |
Based on the table above, which President had the greatest real salary? (Note: real salary is the same as real income). Make sure to support to answer with the rationale used to answer this question.
a. George Washington
b. Ulysses Grant
c. Howard Taft
d. Harry Truman
e. Richard Nixon
f. George W. Bush
g. Barack Obama
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Understanding Globalization The Social Consequences Of Political, Economic, And Environmental Change
Authors: Robert K Schaeffer
4th Edition
0742561801, 9780742561809
