You have just graduated from college. You, your older sister, your mother and your father are comparing the starting salaries in you first jobs. The year you each started your first job, the CPI in that year and your staring salary are given below. Which of you started your first job with the highest real income? Instructions: Enter your responses rounded to two decimal places. Starting Salary $19,150 Year Family member CPI Real Income 1980 Your father 0.82 2$ 1985 Your mother 1.08 $26,200 $ 2010 Your older sister 2.18 $36,000 2$ 2017 You 2.44 $45,000 $ The family member that-started with the highest real income was (Click to select) The family member that started with the lowest real income was ( (click to select)

You have just graduated from college. You, your older sister, your mother and your father are comparing the starting salaries in you first jobs. The year you each started your first job, the CPI in that year and your staring salary are given below. Which of you started your first job with the highest real income? Instructions: Enter your responses rounded to two decimal places. Starting Salary $19,150 Year Family member CPI Real Income 1980 Your father 0.82 2$ 1985 Your mother 1.08 $26,200 $ 2010 Your older sister 2.18 $36,000 2$ 2017 You 2.44 $45,000 $ The family member that-started with the highest real income was (Click to select) The family member that started with the lowest real income was ( (click to select)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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