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. the nominal value of his salary in 1980.
B. the real value of his salary in 1980.
C. the value of his salary adjusted to 2009 dollars.
D. the value of his salary adjusted for inflation.
Answer: A
1969 $20,520 36.7
1979 $43,256 72.6
1989 $85,529 124
1999 $135,250 166.6
2009 $170,844 214.5
Your father tells you he earned a salary of $45,000 a year in 1980. This salary figure is:
A. the nominal value of his salary in 1980.
B. the real value of his salary in 1980.
C. the value of his salary adjusted to 2009 dollars.
D. the value of his salary adjusted for inflation.
Answer: A
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.