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Title: Suppose your nominal income in 1990 was $24,000. Suppose too that the consumer price index for 2012 ...
Post by: Yessi15 on Mar 16, 2019

Suppose your nominal income in 1990 was $24,000. Suppose too that the consumer price index for 2012 was 1.5, and the base year for this index was 1990. How much nominal income would you need in 2012 in order to match the spending power of your $24,000 in 1990?



• $16,000

• $24,000

• $36,000

• $48,000


Title: Suppose your nominal income in 1990 was $24,000. Suppose too that the consumer price index for 2012 ...
Post by: MikaelDevost on Mar 16, 2019
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Title: Suppose your nominal income in 1990 was $24,000. Suppose too that the consumer price index for 2012 ...
Post by: Yessi15 on Mar 16, 2019
Thanks