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Scenario 24-3 Grant Gant Was a Doctor in 1944 and Earned $12,000

Question 297

Multiple Choice

Scenario 24-3
Grant Gant was a doctor in 1944 and earned $12,000 that year.His daughter,Gretta Gant,is a doctor today and she earned $210,000 in 2005.The price index was 17.6 in 1944 and 184 in 2005.
-Refer to Scenario 24-3.Gretta Gant's 2005 income in 1944 dollars is


A) $11,931.82.
B) $20,086.96.
C) $1,985,454.55.
D) $2,195,454.55.

Correct Answer:

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