Babe Ruth's 1931 salary was $80,000. Government statistics show a consumer price index of 15.2 for 1931 and 215 for 2008. Ruth's 1931 salary was equivalent to a 2008 salary of about
A) $536,000.
B) $828,000.
C) $1,131,000.
D) $1,216,000.
Correct Answer:
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