A US employee used to receive $45,000 yearly income in 1990. For this employee to maintain his same standard of living, his salary was increased to $180,000 in 2016 with the current price level of...

A US employee used to receive $45,000 yearly income in 1990. For this employee to maintain his same standard of living, his<br>salary was increased to $180,000 in 2016 with the current price level of 102.5. What was the price level in 1990?<br>Select one:<br>a.<br>31.425<br>b.<br>34.525<br>C.<br>None of the answers are correct<br>d. 25.625<br>e.<br>23.235<br>

Extracted text: A US employee used to receive $45,000 yearly income in 1990. For this employee to maintain his same standard of living, his salary was increased to $180,000 in 2016 with the current price level of 102.5. What was the price level in 1990? Select one: a. 31.425 b. 34.525 C. None of the answers are correct d. 25.625 e. 23.235

Jun 11, 2022

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A US employee used to receive $45,000 yearly income in 1990. For this employee to maintain his same standard of living, his salary was increased to $180,000 in 2016 with the current price level of...

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