In 2001,Pablo earned $200 per week at his job.In 2015,Pablo earned $240 per week.If the CPI in 2001 was 100 and the CPI in 2015 was 152,then
A) the 2001 wage measured in 2015 dollars is $157.89.
B) the 2015 wage measured in 2001 dollars is $157.89.
C) Pablo was better off in 2015 because his weekly wage was higher.
D) the 2001 wage measured in 2015 dollars is $100.
E) the 2001 wage measured in 2015 dollars is $131.58.
Correct Answer:
Verified
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