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In 1998, Pablo Earned $200 Per Week at His Job

Question 160

Multiple Choice

In 1998, Pablo earned $200 per week at his job.In 2008, Pablo earned $240 per week.If the CPI in 1998 was 100 and the CPI in 2008 was 152, then


A) Pablo was better off in 2008 because his weekly wage was higher.
B) the 1998 wage measured in 2008 dollars is $157.89
C) the 2008 wage measured in 1998 dollars is $157.89.
D) the 1998 wage measured in 2008 dollars is $131.58
E) the 1983 wage measured in 1994 dollars is $100.

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