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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?…
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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?…
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Nov 9, 2018
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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?
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Jens Grabarske
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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.
Edgarmtze
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Nov 13, 2018
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