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Use the following price level data to answer this question. 1920: 10 1950: 50 1980: 500 2009: 1,000 Say there is an actor paid $5,000

Use the following price level data to answer this question.

  • 1920: 10
  • 1950: 50
  • 1980: 500
  • 2009: 1,000

Say there is an actor paid $5,000 in 1950. How much is that in 2009 dollars?

A.$100,000

B.$150,000

C.$250,000

D.$ 1 million

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