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

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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