Question

16. The nominal salary paid to the President of the United States and the Consumer Price Index (CPI) are given for various years below. During which of the above years was the purchasing power of the President's salary highest? Nominal Real \frac{X}{100 \cdot CPI} Year Presidential salary CPI (2000 = 100) 1920 $ 75,000 11.6 1940 75,000 8.1 1960 100,000 17.2 1980 200,000 47.9 2000 400,000 100.0

          16. The nominal salary paid to the President of the United States and the Consumer Price Index
(CPI) are given for various years below. During which of the above years was the purchasing
power of the President's salary highest?
Nominal
Real \frac{X}{100 \cdot CPI}
Year
Presidential salary
CPI (2000 = 100)
1920
$ 75,000
11.6
1940
75,000
8.1
1960
100,000
17.2
1980
200,000
47.9
2000
400,000
100.0

16. The nominal salary paid to the President of the United States and the Consumer Price Index
(CPI) are given for various years below. During which of the above years was the purchasing
power of the President's salary highest?
Nominal
Real (X)/(100 ·CPI)
Year
Presidential salary
CPI (2000 = 100)
1920
75,000
11.6
1940
75,000
8.1
1960
100,000
17.2
1980
200,000
47.9
2000
400,000
100.0

Added by Daniel G.

Principles of Economics

Gregory Mankiw 8th Edition

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The nominal salary paid to the President of the United States and the Consumer Price Index (CPI) are given for various years below. During which of the above years was the purchasing power of the President's salary highest? Nominal 2) 100=(C)/(P)I able[[Year,Presidential salary,CPI (2000)=(100) Id)-a1(x Nominal Real 11.6 8.1 17.2 1001 Presidential salaryCPI (2000 - 100) power of the President's salary highest? S75,000 75,000 100,000 200,000 400,000 Year 1920 0t61 0961 1980 2000