Scenario 6-1
Grant Smith was a doctor.In 1944,he made $12,000.His daughter,Lisa Smith,is also a doctor.Last year she made $275,000.The price index in 1944 was 17.6 and the price index last year was 200.
-Refer to the Scenario 6-1.What is Lisa's income in 1944 dollars?
A) $15,667
B) $17,401
C) $19,322
D) $24,200
Correct Answer:
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