In 1931,President Herbert Hoover was paid a salary of $75,000.Government statistics show a consumer price index of 15.2 for 1931 and 195 for 2005.President Hoover's 1931 salary was equivalent to a 2005 salary of about
A) $1,455,995.
B) $1,254,262.
C) $1,125,008.
D) $962,171.
Correct Answer:
Verified
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