In 1954,Canadian Prime Minister Louis Stephen St.Laurent was paid a salary of $15,000.Stephen Harper,the Prime Minister in 2014,was paid $157,731.The price index for 1954 is 14.1 and the price index for 2014 is 121.7.What is,approximately,Prime Minister St.Laurent's salary equivalent in 2014 dollars?
A) $110,500
B) $114,500
C) $129,500
D) $211,500
Correct Answer:
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