When Sue graduated from college, she got a job with a starting salary of $30,000. When Sue's sister Jan graduated five years later, her starting salary was $36.000. Jan likes to tease Sue about earning more than Sue did right out of college. Sue dlaims that she actually had the higher salary in real dollars. The Consumer Price Index rose 28 percent during the five years separating the sisters' graduations. Therefore, we can conclude that Jan eamed the higher real salary Sue eamed the higher real salary there ion't enough information to determine who earned the higher real salary both Sue and Jan earned the same real salary

When Sue graduated from college, she got a job with a starting salary of $30,000. When Sue's sister Jan graduated five years later, her starting salary was $36.000. Jan likes to tease Sue about earning more than Sue did right out of college. Sue dlaims that she actually had the higher salary in real dollars. The Consumer Price Index rose 28 percent during the five years separating the sisters' graduations. Therefore, we can conclude that Jan eamed the higher real salary Sue eamed the higher real salary there ion't enough information to determine who earned the higher real salary both Sue and Jan earned the same real salary

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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