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Your Father Tells You He Earned a Salary of $45,000

Question 67

Multiple Choice

Your father tells you he earned a salary of $45,000 a year in 1980. This salary figure is the: A) nominal value of his salary in 1980. B) real value of his salary in 1980. C) value of his salary adjusted to 2009 dollars. D) value of his salary adjusted for inflation. Your father tells you he earned a salary of $45,000 a year in 1980. This salary figure is the:


A) nominal value of his salary in 1980.
B) real value of his salary in 1980.
C) value of his salary adjusted to 2009 dollars.
D) value of his salary adjusted for inflation.

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