Donna Newton made $0.30 per hour in 1946 at a small restaurant in Clearfield,Pennsylvania.If the consumer price index (CPI) was 18.3 in 1946 and 202.4 in 2011,then Donna's inflation-adjusted wage would be
A) $7.25,by U.S.law.
B) $0.30.
C) $2.87.
D) $0.61.
E) $3.32.
Correct Answer:
Verified
Q58: In Nation A,the price index rises from
Q59: Refer to the following table to answer
Q60: Which statement best represents the purpose for
Q61: Assume tuition at the University of Virginia
Q62: Refer to the following table to answer
Q64: To convert a current price of a
Q65: The ratio (Price Level in Earlier Time)/
Q66: If the price index in 1922 was
Q67: According to the textbook,the fully completed house
Q68: Donna Newton made $0.30 per hour in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents