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24 November, 16:21

If the cpi was 207 in 2009 and 225 in 2013, what wage would someone who earned a $50,000 income in 2009 have to earn in 2013 in order to keep her purchasing power constant?

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  1. 24 November, 16:35
    0
    Given:

    CPI income

    2009 207 50,000

    2013 225?

    50,000 / 207 = 241.55 purchasing power.

    241.55 * 225 = 54,348.75

    She should earn at least 54,348.75 in 2013 in order to keep her purchasing power constant.
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