In year 1 the CPI is 174, and in year 2 the CPI is 190. If Sarah's salary was $49,800 in year 1, what salary in year 2 would cause her to exactly "keep up with inflation"?
A) $34,004
B) $42,942
C) $40,508
D) $54,379
D
You might also like to view...
How long is the long run?
A. A defined, set period of time, usually a year B. However long it would take a firm to vary all of its costs C. However long it would take a firm to have at least one variable cost D. None of these defines the long run.
Suppose the government imposes a per unit tax on an item whose production process creates a negative externality. Suppose the tax is exactly the value of the marginal externality cost. If the government now uses the tax revenue to clean up pollution from this process, the market will:
a. have internalized all costs and benefits. b. be inefficient. c. be destroyed. d. not have failed. e. be subject to obligatory controls.
Gross private domestic investment does not include:
a. spending for new houses. b. spending to build up inventories. c. unintentional inventory investment. d. spending on employee salaries. e. spending for office supplies.
Every citizen in the United States should be required to become licensed to carry a firearm for the sake of protection. This statement is best described as
A. a marginal statement. B. an implication of an efficient market. C. a positive statement. D. a normative statement.