Scenario 6-3
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 6-3. In real terms, Sue Holloway's income amounts to about what percentage of Josh Holloway's income?
A) 5.71 percent
B) 9.6 percent
C) 59.7 percent
D) 67.4 percent
Correct Answer:
Verified
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