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The Table Shown Displays Yearly Salaries and the CPI Across

Question 79

Multiple Choice

The table shown displays yearly salaries and the CPI across five decades. The table shown displays yearly salaries and the CPI across five decades.   Suppose your father tells you he earned a yearly salary of $45,000 in 1980. This salary figure is the: A)  nominal value of his salary in 1980. B)  real value of his salary in 1980. C)  value of his 1980 salary adjusted to 2009 dollars. D)  value of his 1980 salary adjusted for inflation. Suppose your father tells you he earned a yearly salary of $45,000 in 1980. This salary figure is the:


A) nominal value of his salary in 1980.
B) real value of his salary in 1980.
C) value of his 1980 salary adjusted to 2009 dollars.
D) value of his 1980 salary adjusted for inflation.

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