Year CPI-Consumer Price Index 1975 50 1983 100 2006 200 If your salary is $100,000 per year in 1983, which of the following is true based on the CPI in 2006? O Your salary has increases O Your wages have not changed but the purchasing has increased to $200,000. O Your wages have not changed but the purchasing power has decreased to $$50,000 O Your salary has been cut

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.2: Graphs Of Equations In Two Variables; Circles
Problem 111E
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Year CPI-Consumer Price Index
1975 50
1983 100
2006 200
If your salary is $100,000 per year in 1983, which of the following is true based on the CPI in 2006?
O Your salary has increases
O Your wages have not changed but the purchasing has increased to $200,000.
O Your wages have not changed but the purchasing power has decreased to $$50,000
O Your salary has been cut
Transcribed Image Text:Year CPI-Consumer Price Index 1975 50 1983 100 2006 200 If your salary is $100,000 per year in 1983, which of the following is true based on the CPI in 2006? O Your salary has increases O Your wages have not changed but the purchasing has increased to $200,000. O Your wages have not changed but the purchasing power has decreased to $$50,000 O Your salary has been cut
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