Scenario 16-3
Sue Holloway was an accountant in 1944 and earned $12,000 that year.Her son,Josh Holloway,is an accountant today and he earned $210,000 in 2008.The price index was 17.6 in 1944 and 184 in 2008.
-Refer to Scenario 16-3.Josh Holloway's 2008 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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