Year: Salary: CPI:
1969 $20,520 36.7
1979 $43,256 72.6
1989 $85,529 124
1999 $135,250 166.6
2009 $170,844 214.5
A. Although the nominal salary has increased, the amount of purchasing power has decreased from 1999 to 2009.
B. The increase in salary from 1999 to 2009 was less 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.
1969 $20,520 36.7
1979 $43,256 72.6
1989 $85,529 124
1999 $135,250 166.6
2009 $170,844 214.5
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 decreased from 1999 to 2009.
B. The increase in salary from 1999 to 2009 was less 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.
Answer: D
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