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If the 1999 Salary in 2009 Dollars Is $174,136, What

Question 73

Multiple Choice

If the 1999 salary in 2009 dollars is $174,136, what can we say about it compared to the 2009 income given in the table shown? A) Although the nominal salary has increased, the amount of purchasing power has remained the same from 1999 to 2009. B) The increase in salary from 1999 to 2009 was more than inflation during that period. C) The 1999 salary could buy more goods and services in 2009 than the 2009 salary could buy. D) All of these statements are true. If the 1999 salary in 2009 dollars is $174,136, what can we say about it compared to the 2009 income given in the table shown?


A) Although the nominal salary has increased, the amount of purchasing power has remained the same from 1999 to 2009.
B) The increase in salary from 1999 to 2009 was more than inflation during that period.
C) The 1999 salary could buy more goods and services in 2009 than the 2009 salary could buy.
D) All of these statements are true.

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