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A College Graduate in 1972 Found a Job Paying $7,200

Question 43

Multiple Choice

A college graduate in 1972 found a job paying $7,200.The CPI was 0.418 in 1972.A college graduate in 2005 found a job paying $30,000.The CPI was 1.68 in 2005.The 1972 graduate's job paid ______ in nominal terms and ______ in real terms than the 2005 graduate's job.


A) more; less
B) more; more
C) less; more
D) less, less

Correct Answer:

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