A worker received R50 for a daily wage in 2000.What is the value of that wage today if the CPI was 20 in 2000 and is 80 today?
A)R50
B)R200
C)R300
D)R400

Name: A worker received R50 for a daily wage in 2000.What is the value of that wage today if the CPI was 20 in 2000 and is 80 today? A)R50 B)R200 C)R300 D)R400
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Question

Quizplus · Accepted Answer

The wage adjusted for inflation is calculated by multiplying the original wage by the ratio of the current CPI to the past CPI: R50 * (80/20) = R200.

A Worker Received R50 for a Daily Wage in 2000