Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your grandfather tells you that he earned a salary of $45,000 a year in 1980. Consumer price index (CPI) in 1980 was 82.4. If the

Your grandfather tells you that he earned a salary of $45,000 a year in 1980. Consumer price index (CPI) in 1980 was 82.4. If the CPI in 2019 is equal to, 255.9, how much is real value or purchasing power of your grandfather's salary of $45,000 earned in 1980 in 2019? $120,500 $139,779 $172,844 O $128,700 wwwmaucally.
image text in transcribed
Your grandfather tells you that he eamed a salary of $45,000 a year in 1980 . Consumer price index (CPI) in 1980 was 82.4 . If the CPI in 2019 is equal to, 255.9 , how much is real value or purchasing power of your grandfather's salary of $45,000 earned in 1980 in 2019 ? $120,500 $139.779 $172,844 $128,700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Beginners

Authors: Neel Gaines

1st Edition

1801120897, 978-1801120890

More Books

Students also viewed these Accounting questions

Question

1. Eat lunch with a different group of students every day.

Answered: 1 week ago