Register
If the cpi was 207 in 2009 and 225 in​ 2013, what wage would someone who earned a​ $50,000 income in 2009 have to earn in 2013 in order to keep her purchasing power​ constant?
136k views
1 vote
If the cpi was 207 in 2009 and 225 in​ 2013, what wage would someone who earned a​ $50,000 income in 2009 have to earn in 2013 in order to keep her purchasing power​ constant?

User Jens Grabarske
by
8.1k points

1 Answer

6 votes
Given:
CPI income
2009 207 50,000
2013 225 ?

50,000 / 207 = 241.55 purchasing power.

241.55 * 225 = 54,348.75

She should earn at least 54,348.75 in 2013 in order to keep her purchasing power constant.

User Edgarmtze
by
8.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
The government’s involvement in economy serves what two purposes?
Link Copied!