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Scenario 24-3 Sue Holloway Was an Accountant in 1944 and Earned $12,000

Question 59

Multiple Choice

Scenario 24-3
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 2013.The price index was 17.6 in 1944 and 218.4 in 2013.
-Refer to Scenario 24-3.In real terms,Josh Holloway's income amounts to about what percentage of Sue Holloway's income?


A) 71 percent
B) 141 percent
C) 165 percent
D) 198 percent

Correct Answer:

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