what is the art majors salary in 2011? 2012?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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what is the art majors salary in 2011? 2012?  

Macmillan Learning
After graduating from college in 2010, Art Major's starting salary is $35757.00. Suppose Art Major has a cost of living
adjustment (COLA) clause, or an escalator clause, in his labor contract so that he will be able to maintain this same level of
purchasing power in real terms in 2011 and 2012. Using the information in the table, how much will Art Major earn in 2011 and
2012 if his salary keeps up with inflation? Round your answers to the nearest dollar.
CPI
102.77
105.69
107.06
What is Art Major's salary in 2011?
$
Year
2010
2011
2012
36784.62
Incorrect
What is Art Major's salary in 2012?
37278.51
Transcribed Image Text:Macmillan Learning After graduating from college in 2010, Art Major's starting salary is $35757.00. Suppose Art Major has a cost of living adjustment (COLA) clause, or an escalator clause, in his labor contract so that he will be able to maintain this same level of purchasing power in real terms in 2011 and 2012. Using the information in the table, how much will Art Major earn in 2011 and 2012 if his salary keeps up with inflation? Round your answers to the nearest dollar. CPI 102.77 105.69 107.06 What is Art Major's salary in 2011? $ Year 2010 2011 2012 36784.62 Incorrect What is Art Major's salary in 2012? 37278.51
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