In 2001, Pablo earned $200 per week at his job. In 2011, Pablo earned $240 per week. If the CPI in 2001 was 100 and the CPI in 2011 was 152, then
A) Pablo was better off in 2011 because his weekly wage was higher.
B) the 2001 wage measured in 2011 dollars is $157.89.
C) the 2011 wage measured in 2001 dollars is $157.89.
D) the 2001 wage measured in 2011 dollars is $131.58.
E) the 2001 wage measured in 2011 dollars is $100.
C
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Given below are the current account transactions of an economy in a year
a. exported goods and services worth $120 billion b. imported goods worth $200 billion c. revenue earned from manufacturing plants situated abroad equals $80 billion d. dividend paid to foreign investors equals $10 billion e. donations and disaster relief funds given to a foreign country equal $10 billion f. received "gifts" worth $5 billion from foreign donors towards poverty alleviation i) Calculate the economy's trade balance. ii) What will be the balance in the economy's current account?
Explain how an increase in business investment at a constant price level changes equilibrium expenditure
What will be an ideal response?
Low rates of inflation are generally associated with
a. low rates of government spending. b. small or nonexistent government budget deficits. c. low rates of productivity growth. d. low rates of growth of the quantity of money.
The European Central Bank has ensured independence by appointing Executive Board members for:
A. eight-year non-renewable terms. B. fourteen-year terms. C. twenty-year terms. D. life.