If you currently make $25,000 a year and the CPI rises from 110 today to 150 in five years, then you need to be making $43,333.33 in five years to have kept pace with consumer price inflation. O True O False

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Question 8
2.5
If you currently make $25,000 a year and the CPI rises from 110 today to 150 in five years, then you need to be making
$43,333.33 in five years to have kept pace with consumer price inflation.
True
O False
Transcribed Image Text:Question 8 2.5 If you currently make $25,000 a year and the CPI rises from 110 today to 150 in five years, then you need to be making $43,333.33 in five years to have kept pace with consumer price inflation. True O False
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