Henri earned a salary of $50,000 in 2001 and $70,000 in 2006. The consumer price index was 177 in 2001 and 265.5 in 2006. Henri’s 2006 salary in 2001 dollars is $35,000.00. $46,666.67. $105,000.00. $61,950.00

Henri earned a salary of $50,000 in 2001 and $70,000 in 2006. The consumer price index was 177 in 2001 and 265.5 in 2006. Henri’s 2006 salary in 2001 dollars is

$35,000.00.

$46,666.67.

$105,000.00.

$61,950.00

 

 

Answer:

$46,666.67

Explanation:

(70,000/265.5) * 177 = 46,666.67

So,Henri’s 2006 salary in 2001 dollars is $46,666.67

Asked on February 15, 2018 in economics.
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