You earned $30,000 in 2009,and your salary rose to $80,000 in 2018.If the CPI rose from 82 to 202 between 2009 and 2018,which of the following is true?

Question

Quizplus · Accepted Answer

The purchasing power of the salary increased because the salary increased by a larger percentage (from $30,000 to $80,000, which is more than a 100% increase) than the increase in the CPI (from 82 to 202, which is about a 146% increase). This means that despite inflation, the salary increase more than compensated for the rise in prices, leading to an increase in purchasing power.

You Earned $30,000 in 2009,and Your Salary Rose to $80,000